Management

How to Start a Business in Las Vegas – Video Series

How to Start a Business in Las Vegas – Video Series

I’m Gina Bongiovi. I’m a lawyer who works with startups and small businesses. Whether you’re in the startup phase or whether you just have an idea rolling around in your head you might want to turn in to a business one day, you need to know how to start a business in Las Vegas. If […]

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What Types of Records Should Be in My Corporate Book?

What Types of Records Should Be in My Corporate Book?

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 business decisions. […]

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Why Do I Need a Corporate Book?

Why Do I Need a Corporate Book?

When you form an LLC or a corporation with a commercial formation company, you’ll usually receive as part of the package a fancy-looking fake leather binder, sometimes with a heavy metal document sealer thingy.  Often, this binder sits on your shelf, gathering dust, doing you and your company absolutely no good.  There are many reasons […]

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How to Start a Small Law Firm

How to Start a Small Law Firm

When I hung out my shingle, I did it with little guidance.  I’d taken a Law Practice Management class in school from a guy who hadn’t been a solo or small firm practitioner for decades and read two books.  I made more than a few mistakes and would love to save you the error part […]

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Taking Advice from the Right Professionals

Taking Advice from the Right Professionals

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 […]

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Member Managed vs Manager Managed LLC

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 operating […]

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Small Business Horror Story #1: Shady Partner + Generic Operating Agreement = Disaster

Small Business Horror Story #1: Shady Partner + Generic Operating Agreement = Disaster

  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 owners.  Wait, let me clarify. […]

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How to Make Sure Your Sweat Equity Pays Off

How to Make Sure Your Sweat Equity Pays Off

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 […]

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Why Owning a Business 50/50 is a BAD Idea

Why Owning a Business 50/50 is a BAD Idea

Who is going to break a tie when you and your business partner don’t agree on something?  Sure, in the beginning business partners never argue, they never disagree and they certainly wouldn’t let the business suffer because of a little spat…  It’s when the business starts making (or losing) money that business partners often find […]

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New 1099 Rules for Businesses

New 1099 Rules for Businesses

Many businesses are familiar with the method of reporting payments to independent contractors to the IRS.  Request a W-9 form from the contractor, keep track of how much you pay them, and any contractor who receives more than $600 in a year gets a 1099-MISC form from the company.  Easy, right? Now imagine you have […]

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