Online legal documents are a viable option. When a client asks us to set up a trust or SMSF for them, we need a trust deed. At that moment we have to go somewhere to get this started. And chances are we will go online.
Online Legal Documents
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We all deal with legal documents on a daily basis – trust deeds, SMSF deeds, Div 7A loans, LRBAs, company constitutions and so. How we might get these documents has changed a lot over the past decade. Many of us will get these online and no longer liaise directly with a specific lawyer.
Manoj Abichandani is the head and brains behind trustdeed.com.au and a range of other websites offering legal documents and registrations. I asked Manoj whether he could tell us how the online sale of legal documents and registrations is changing.
Manoj talks a lot about the integration and building of interfaces between accountants and service providers, so-called APIs – Application Programming Interface. And I think he is onto something. Whether it is his services or from a different provider, I think integration is the next step in all this. At the moment everything is out there but offered in little bits and pieces, which slows us down.
Heide Robson – Tax Talks
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