I often run into businesses that say "I want to form an S-corp" or "I am an S-corp."  There is some degree of misunderstanding in this that I want to try to clear up.  Hopefully I won't muddy the waters even further.  Here goes... A business entity resides simultaneously in two different worlds - the legal world and the ta...

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If you have a toothache, you're probably not going to go see your dermatologist.  If you have back pain, a dentist probably isn't the person to see.  It's the same thing with professionals involved in your business. I recently met with a business owner who poised to take drastic and destructive steps - dissolving his protective enti...

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In trying to help a caller with a small claims court case, I discovered the William S. Boyd School of Law and Legal Aid of Southern Nevada have posted videos on YouTube to teach people about cases in Las Vegas Justice Court.  Because parties cannot recover their attorney fees in small claims court, and because the amounts in dispute are lower ...

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When you form an LLC in Nevada, you're asked whether the entity will be Member-Managed or Manager-Managed.  The owners of the LLC are called "members."  As owners, members have broad discretion to run the company any way they see fit, restricted only by terms outlined in an operating agreement.  For Member-Managed LLCs with no opera...

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  Whenever I sign a new monthly retainer client, I conduct what I call a "legal checkup" on the business.  I review the company's formation documents, licensing, employee or contractor agreements, lease agreements, service agreements, customer contracts, etc. to find improvements I can make to better protect the company and its owne...

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I recently formed a business for a client who insisted on using a post office box as her business address.  I warned her that sometimes the business license bureaus in Vegas are hip to this trick and won't approve a license at a post office box.  Part of the application process involves a fire inspection at your listed business address. &...

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This month's issue of the Las Vegas Chamber of Commerce's Business Voice features an article about Silver State Works, which provides businesses financial incentives for employing out-of-work Nevadans.   Employer-Based Training Silver State Works will provide a training allowance to a business providing 24 hours of training a week, for a tot...

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Are you working for or with a company that has promised you ownership or profit sharing?  Do you have this promise in writing?   I recently met with an intelligent go-getter who was a bit naive about business.  Two years ago he began doing business development for a local company.  The owners of the company had promised to rewa...

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