Golm Law Firm PA

08/23/2024

"The best investment on earth is earth."
-Louis Glickman

** pic is the favorite home I've ever owned.

08/21/2024

BIZ BUYING 101
Have you ever thought about buying your boss' business or your parent's business, or even a competitor's business? Buying a business can actually mean two different things. The first approach entails the purchase of the legal entity; in other words, the sale of the company (corporation or LLC, etc.) The seller will either offer stock in his company or a membership stake in the LLC. The second approach is the asset sale. This means the assets of a corporation/LLC are sold, but not the actual company as a whole. In an asset sale, the buyer doesn't buy all of the debts and other "baggage" of the seller, but buys all of the goodwill, inventory, phone numbers, websites, etc. This is usually the preferable route!
Questions? Call me! 941-704-4049 www.golmlaw.com

08/16/2024

418 open houses in our area this weekend! Are you hosting one not on this list?

https://www.trulia.com/for_sale/27.18098,27.57122,-82.71692,-82.2658_xy/p_oh/11_zm/

Post a link in the comments and I will share it!

08/15/2024

This is GENIUS!! Especially for rentals! This falls into the category of, "now, why didn't I think of that??"

https://www.amazon.com/Visual-Light-Switch-Sticker-Labels/dp/B077ST4HJM/ref=asc_df_B077ST4HJM/?tag=hyprod-20&linkCode=df0&hvadid=242124331408&hvpos=&hvnetw=g&hvrand=5926025116770742593&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9012284&hvtargid=pla-400951695982&th=1

08/15/2024

Mortgage Fraud: $55 million in home loans obtained with falsified incomes, divorce decrees, alimony checks and bank statements!

A real estate agent, loan officer and two others falsified papers for 102 home loans.

08/13/2024

BUSINESS OWNERS, LISTEN UP! If you haven't submitted your beneficial ownership report, fines are coming......

The Corporate Transparency Act (CTA) is a U.S. law enacted to combat illicit activities such as money laundering and terrorism financing. It requires corporations, limited liability companies (LLCs), and similar entities to report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). Beneficial owners are individuals who significantly control or own a substantial part of the entity. This information helps authorities track and prevent the misuse of anonymous shell companies.

Filing a beneficial ownership report under the Corporate Transparency Act involves several steps:

Identify Beneficial Owners: Determine who the beneficial owners of the entity are. Beneficial owners are individuals who own or control at least 25% of the entity or exercise substantial control over it.

Gather Required Information: Collect the necessary details for each beneficial owner.

Complete the FinCEN Form: Obtain the Beneficial Ownership Information (BOI) report form from the Financial Crimes Enforcement Network (FinCEN). Fill out the form with the collected information accurately.

Submit the Report: Submit the completed BOI report to FinCEN through their designated electronic filing system. https://boiefiling.fincen.gov/fileboir

08/12/2024

Let the games begin!! 😬

08/09/2024

We often receive calls and referrals from clients who have a bona fide legal claim, but can't afford to hire an attorney. Thankfully, the Clerk's offices for Manatee and Sarasota Counties have tons of self-help forms and checklists for lots of cases, including:

1. Evictions:https://www.manateeclerk.com/media/1903/eviction_only_7_1_2024.pdf
2. Small claims (monetary claims worth less than $8000.00)https://www.manateeclerk.com/media/1904/small-claims-info-and-packet.pdf

https://help.flcourts.gov/DIY-Florida

Family law forms can be found here: https://www.jud12.flcourts.org/About/Divisions/Family/Pro-Se-Forms-Instructions

Hope you or someone you know finds this information helpful!

08/08/2024

Thank you for taking the time to interview me, Florida Gulf Coast Money Magazine!
Link to the entire magazine: https://online.fliphtml5.com/ldhyh/vqvb/ =1

08/08/2024

Rethinking Flood Zones: Everything in blue here is in an "AE" Flood Zone. Everything in green is an "A" flood zone.

These flood zones are areas that present a 1% annual chance of flooding and a 26% chance over the life of a 30-year mortgage, according to FEMA.

If you live in Sarasota and believe you aren't in a flood zone, think again.

Flood insurance in these zones is relatively inexpensive, so GET IT!

08/07/2024

With interest rates and home prices holding relatively steady, some landlords and tenants want to explore "rent-to-own." Here are some pros and cons....

08/06/2024

The Battle for Land That Isn’t Yours:

Adverse Possession allows an individual to claim ownership of another person's land under certain conditions.

Key Requirements:

Open and Continuous Possession: The possessor must openly use the property as their own. (I.e. no hiding in the back woods of someone's 1000 acre property trying to stake your claim!)
"Hostile Possession": The occupation must be without the owner's permission.

Minimum 7-Year Period: The possessor must occupy the property continuously for at least seven years.

Payment of Property Taxes: The possessor must pay property taxes on the land for the entire seven-year period.

Filing a Return with County Appraiser: The possessor must file a return with the county appraiser within one year of entry onto the property.

Outcome: If all conditions are met, the possessor can gain legal title to the property.

Adverse possession is rare, but it does happen!

08/05/2024

Pull this form out of the stack and USE IT. If you don't have it, I'll send it to you! Your buyers will thank you! [email protected] 941-704-4049

Realtor Friends: Don't forget about this handy Contract Rider! If your buyer is purchasing with CASH, their inability to obtain insurance (1) by closing and/or (2) at a price they can live with, is NOT a contingency.

Cash buyers MUST close, even if they can't bind insurance, UNLESS you use this form.

Pull this form out of the closet and USE IT. Your buyers will thank you!

08/05/2024

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Are you buying or selling a home and worried about unexpected legal fees? At Golm Law Firm, we offer flat fee real estate services to give you peace of mind!

💼 Why Choose Us?

Transparent Pricing: Know your costs upfront—no hidden fees.
Budget-Friendly: Manage your cash flow without surprise bills.
Top-Notch Support: Receive high-quality legal assistance throughout your transaction.
Whether it’s drafting contracts, reviewing documents, or handling negotiations, our experienced team is here to ensure a smooth process from start to finish.

📞 Contact us today to learn more and get started on your real estate journey with confidence!

08/05/2024

Realtor Friends: Don't forget about this handy Contract Rider! If your buyer is purchasing with CASH, their inability to obtain insurance (1) by closing and/or (2) at a price they can live with, is NOT a contingency.

Cash buyers MUST close, even if they can't bind insurance, UNLESS you use this form.

Pull this form out of the closet and USE IT. Your buyers will thank you!

08/04/2024

Realtor friends: can you relate??

08/04/2024

Full Service Purchase Contracts:

Whether or not you're not working with a real estate agent, it's crucial to ensure that all the necessary documentation is in order to avoid potential legal issues or disputes.

The FARBAR As-Is contract in Florida is 13 single-spaced pages. Do you know what it all means?

Hiring a lawyer to draft and review these documents is a wise step in the buying or selling process to avoid future headaches.

08/03/2024

Real estate transactions can be complex, especially when dealing with issues such as:

 Foreclosures
 Short Sales
 Commercial Properties
 Probate Sales

A real estate attorney ensures that every aspect of these transactions is handled professionally and legally. At Golm Law, we specialize in managing complex real estate
transactions, providing you with peace of mind and expert guidance.

Have a challenging real estate situation? Contact us for a consultation.

08/01/2024

07/31/2024

Lots of closings on the last day of every month! Congratulations to all of the buyers, sellers, and agents who worked together to make today happen!

07/30/2024

All Dog. No law. Brain is tired. :)

A Golden Retriever at the Museum
Painting by Tom Mosser Design

07/29/2024

The WINNER of the Christmas in July Ladybird Deed Giveaway is Jenn Anderson !!

Congratulations, Jenn! You'll sleep well knowing your home will go to your heirs seamlessly and without the need for probate!

Jenn, give us a call to schedule your appointment! 941-704-4049

07/29/2024

The SRQ Women’s Expo
this weekend was a phenomenal experience. I am filled with inspiration after engaging with numerous successful women over 2 days of events. Here's to the next event! SRQ Women’s Expo

07/25/2024

SRQ Women's Expo is this weekend! Hope to see you there!

https://www.mysuncoast.com/video/2024/07/23/you-can-go-srq-womens-expo-july-27th-28th-suncoast-view-july-23rd-2024/?fbclid=IwY2xjawEPcl1leHRuA2FlbQIxMAABHSfDHc_ANGAuAlW3KYVWYEPOIFtrgsnKcNVHHEO8bRG4d9qb43aL5FdfuQ_aem_sevx1HlvleYihUF4bd7Crg

07/25/2024

Don't let the first conversation you have be with a buyer! My advice: practice your technique. Explain this many different ways until it comes naturally to you. Try it on your friends and family and have them ask you the hard questions!

PAYMENT OPTIONS FOR BUYERS - IN PLAIN LANGUAGE

One way to start the conversation with buyers:

"There are several ways you might pay your buyer's agent:

1. Out-of-pocket: Pay the commission directly from your funds.
2. Financing: Some lenders may allow you to finance the commission as part of your mortgage.
3. Credits: Negotiate with the seller for a credit at closing to cover your agent's commission."

Don't let the first conversation you have be with a buyer! My advice: practice your technique. Explain this many different ways until it comes naturally to you. Try it on your friends and family and have them ask you the hard questions!

Have you come up with your script/explanation for explaining buyer's agent compensation?

07/24/2024

Our firm is a proud sponsor of the upcoming SRQ Women's Expo! https://www.facebook.com/profile.php?id=61554543065270

Attorney Crystal Golm is a distinguished speaker and panelist at this event, speaking on issues surrounding women in business. Please join us!

If you'd like to attend, let us know! As a sponsor, we have a limited number of tickets to share and would be happy to see you there!

07/23/2024

BUYING A CONDO OR IN A HOMEOWNER'S ASSOCIATION?

Here are the top eight questions to ask the Association:

What are the fees and payment terms?
Are there any assessments? Are any expected?
What is the delinquency rate?
How would you describe the community?
How is maintenance managed?
What rules does the HOA enforce?
Where can I find the governing documents online?

07/23/2024

Beware the fake emails that look legit! Especially when you are dealing with a real estate matter!