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Lars Kristian Soreide
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Lars Soreide’s Answers

35 total

  • What are the pros/cons of naming a spouse as a LLC member of a family real estate business with several partners?

    The LLC's were formed during the marriage with initial investment of joint funds from husband and wife. Husband and wife ostensibly own 25% of the business, which are income producing properties, held under LLC's. Wife is not listed as a member of...

    Lars’s Answer

    The downside is she can be sued. Thinking of this from an asset protection point of view you want to keep your judgement proof marital accounts separate. There is no reason why she would need to own it just do business in your own name and keep your assets with your spouse outside of your businesses.

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  • Can I use that taped conversation in which he stated emphatically "100% Guaranteed"?

    Am having severe difficulties with a pool repair business. They have stated several times, things that they continually deny ever saying. On their last visit to attempt to repair I informed my wife I was going to tape our conversation with him. Of...

    Lars’s Answer

    Florida is not a single party recording state. You need consent from both parties or you may be committing a felony under. Don't use the recording and going forward get the parties consent before recording anyone.

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  • 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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