Main Office: Level 1, 290 Coventry Street | Melbourne | Victoria | 3205
Phone: 61 3 9092 9400 | Fax: 61 3 9092 9440
Website: https://www.dbalawyers.com.au
Biggest office
Melbourne
Why Working at DBA Lawyers Can Be Exciting for Attorneys and Staff
DBA Lawyers is a renowned law firm in Australia that specializes in self managed superannuation fund (SMSF) law. With their expertise in this field, they have crafted a constitution that offers strategic SMSF planning, making them the leading choice for companies looking to trade in their own right or act as trustees for SMSFs, discretionary trusts, or unit trusts.
One of the key features that set DBA Lawyers apart is their ability to provide greater control to directors through the use of different share classes. For example, their "Guardian" shares allow a guardian to step in and exercise control in a family dispute, giving companies the flexibility they need to navigate complex family dynamics.
Another advantage of working with DBA Lawyers is the convenience and cost-effectiveness they offer. Unlike many other suppliers, DBA's constitution allows companies to easily switch roles without incurring additional costs for changing the constitution. This means that if a company wants to act as a sole purpose SMSF trustee or cease to act as one, they can do so seamlessly without the need for costly documentation.
DBA Lawyers also provides valuable resources to assist with compliance and understanding of super rules. Their "SMSF Guide" helps companies navigate the often overlooked aspects of super rules, ensuring they stay in compliance. Additionally, companies acting solely as SMSF trustees can enjoy a reduced ASIC annual fee, saving them approximately 80% compared to the normal fee.
To further support their clients, DBA Lawyers includes a Division 7A loan facility agreement in their constitution. This ensures that if a debit loan arises, there is a written loan agreement in place to minimize any potential tax and penalty issues.
Understanding the importance of educating clients, DBA Lawyers includes a detailed memo on the operation of a company, directors' duties, and shareholders' rights. This document serves as a comprehensive guide, similar to a Product Disclosure Statement (PDS), to help clients understand their rights and responsibilities when they have a company.
Lastly, DBA Lawyers' constitution offers flexibility in issuing various share classes beyond ordinary shares. This allows companies to plan for differentiated voting, dividend, and capital rights, providing them with the tools to tailor their corporate structure to their specific needs.
Joining DBA Lawyers offers attorneys and staff the opportunity to work with a leading law firm in the SMSF field. The firm's strategic constitution, value-added features, and commitment to client education make it an exciting and rewarding place to work. With DBA Lawyers, attorneys and staff can be confident that they are part of a team that is at the forefront of SMSF law and dedicated to providing exceptional service to their clients.
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