Entries for 'Gina Bongiovi'

Now, if you are a loyal reader of my blog, and I'm sure you are (wink, wink)...you read my article on the benefits of incorporating.  And if you've done some homework, you've discovered that Nevada is a pretty friendly place to incorporate your business.  In addition to having no state income tax, and relatively low business licensing fee...

[Read the rest of this article...]

I sometimes get calls from people asking whether they should incorporate.  When I am somehow able to stifle my automatic "YES YOU SHOULD!" knee-jerk reaction, I calmly provide some semblance of a well-reasoned argument in favor of incorporating. Now, to clarify, by "incorporating" I don't necessarily mean forming a corporation.  I simp...

[Read the rest of this article...]

On April 23, 2012, Nevada Governor Brian Sandoval and Amazon.com announced an agreement that Amazon would begin collecting sales tax on purchases made by Nevada residents starting at least January 1, 2014.   Even when Nevada residents make a purchase that doesn't involve paying sales tax, Nevada law requires them to remit the equivalent sal...

[Read the rest of this article...]

Previously, entities such as LLCs and corporations in Nevada could apply for an exemption from the $200 annual state business license fee if the business was home-based and made less than approximately $26,000 a year. Today, the Secretary of State issued a press release about its regulation clarifying that the exemption was intended to apply ...

[Read the rest of this article...]

People often ask me how they go after someone who owes them money.  There seems to be a misconception that if you sue someone who owes you money, the lawsuit can be wrapped up within the span of an hourlong TV show and you magically get all your money and your attorney's fees back in a giant check delivered to your house with flowers and ballo...

[Read the rest of this article...]

Earlier this week, Clark County School District Superintendent Dwight Jones announced the Reclaim Your Future program, in which mentors from the community are paired with high school students to help raise the graduation rate.   CCSD is partnering with the United Way, Workforce Connections, the Las Vegas Chamber of Commerce, and Vegas Young P...

[Read the rest of this article...]

I recently met with a client who had formed a Wyoming LLC because it appeared that he would save a few bucks on fees.   He lives and works in Nevada and has no other connection to Wyoming other than the LLC he formed.  I asked him if he was aware of and complying with the law (NRS 86.543) that requires him to register in Nevada as a forei...

[Read the rest of this article...]

Recently, I made a pretty compelling argument for maintaining a corporate book, if I do say so myself.  Now that you're convinced, what types of records should be included?  Generally speaking, you should include records of corporate meetings of members or shareholders, action taken without holding a meeting first, and approvals of common...

[Read the rest of this article...]