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Lars Kristian Soreide
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Lars Soreide’s Answers

33 total

  • Where should we incorporate our LLC?

    Internet company providing service with a customer support call center (inbound only) in FL. Partners are based out of Canada. Anonymity is important.

    Lars’s Answer

    single member llc's really don't offer the protection they used to. Consider a mulit-member llc in Florida.

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  • Owning a business with a tax lien

    I currently have a personal federal tax lien of which I've been paying through a direct debit installment plan for over 3 years now. I'm looking at starting an S Corp, where I will be listed as an Officer of the company such as ( CEO or President)...

    Lars’s Answer

    S corp or not its an asset you own so the federal government can lien any asset you own if you are delinquent.

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  • Hiring an attorney for estate planning. What is a free consultation?

    I have a few questions to talk to an attorney about when it comes to estate planning, such as wills, trusts, community property, etc. I've researched attorneys on this site, and have seen several attorneys say "free consultation" and so forth. I...

    Lars’s Answer

    Depends on the attorney but generally an overview of what service you need, whether or not they can provide that service and what it will cost. Don't expect much from a free consultation.

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  • How do I legally run my future buisiness

    I have been working as an electrician for my fathers contracting company for a few years now. I have moved to a different city and was told to start contracting jobs in the area that i could do. I am wondering If; 1) Am i legally allowed to contr...

    Lars’s Answer

    you must be operating under a valid license with the Florida board of contractors. Sounds like the company is licensed so you can do business under their license number.

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  • I need to know what type of license do I need to operate my business online as a retailer. Please help me

    Which license do I need to operate as an online retailer. Thank you!

    Lars’s Answer

    online retainer - usually none if you operate from your home. If you have a physical location than a business license with the city/occupational license.

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  • Business Liability Insurance?

    If you have a business but you are renting the building and someone falls in side the business who is responsible the store owner or the owner of the building (landlord) The same question goes for the outside of the building. If someone falls goi...

    Lars’s Answer

    Could be both which is why most landlords require tenants to have insurance. It depends entirely on what made the person fall. Was it a direct result of something the tenant did like spill something or was the reason more connected to the structure of the building.

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  • I need to learn how investment funds determine the value of an investment in a start-up.

    I am looking to launch two funds, an entertainment based fund and a technology fund.

    Lars’s Answer

    Can you provide more detail of what you are trying to accomplish? Based on what I think you are asking valuations are more likely than not determined by the underlying assets of the funds.

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  • Can an investor demand a return of their investment if the believe fiduciary responsibility has been breached?

    The investor also states that I was deceptive for some reason unclear to me

    Lars’s Answer

    A fiduciary is one with heightened responsibility and this standard is universally applied with the account is a discretionary account where the financial advisor makes the investment decisions for you. If you have a relationship with a stock broker that is non-discretionary the standard is suitability, meaning they only have to recommend appropriate investments in line with your goals and risk tolerance. You can initiate a dispute through the Financial Industry Regulatory Authority. I provided a link to http://www.securitieslawyer.com/securities-lawyer-faq/ my frequently asked questions page if you go to number 8 there is a video you can watch on what FINRA is and how this may be the path you want to take in pursuing your claim. Certainly before FINRA you can demand a return of your investment regardless of the standard that applies. Thanks, Lars Soreide

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