Commercial Insurance

October 8th, 2021 by

After following to the letter our article on how to start a business, you wipe the sweat from your brow and think, “what next?” Once you’re licensed and legally able to operate your business, you shouldn’t actually operate until you have insurance. There are myriad different types of insurance policies and the list of available policies keeps growing as […]

Pitfall Avoidance for Nonprofits

July 22nd, 2021 by

We have recently gotten a ton of new inquiries from people looking to form nonprofits and others whose board meetings must resemble an episode of Jerry Springer.  We’ve written before on setting up a nonprofit, but it’s high time we talk about the pitfalls many nonprofits experience once they’re up and running.* Governance Concerns If […]

Nevada Department of Taxation Registration

October 29th, 2019 by

We run into many business owners who believe that the state business license, issued by the Nevada Secretary of State (NVSOS), is all they need to properly transact business in our state.  Not so. First, what does it mean to “transact business?”  The law is written such that you should assume you are, in fact, […]

Starting an Amazon Delivery Business

May 26th, 2019 by

Get paid to quit your job.  Sounds crazy, right?  Not to Amazon, which is giving some of its employees $10,000 to start their own package delivery businesses. Why? Ten years ago, who would have thought we’d become so impatient to receive our orders?  ‘Two hours? TWO? HOURS?”  In relentless pursuit of reduced shipping times, to […]

Member Managed vs Manager Managed LLCs

October 11th, 2018 by

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 […]

ITINs, EINs, and Responsible Parties

October 19th, 2016 by

In order to open a bank account for your business entity, you have to present Articles of Organization/Incorporation and an EIN, which is an Employer Identification Number issued by the IRS.  In order to apply for an EIN number, you have to supply the EIN, ITIN, or Social Security Number of a “Responsible Party” for […]

Should I Form a New Entity for My Idea?

September 6th, 2016 by

You have a new idea and you’ve got a guy who has connections or resources or ways to help get that idea off the ground.  It’s clear you want to work together.  The assumption is, often, that you’ll “simply” form a new entity, like an LLC, to make this idea happen.  Holdupwaitaminute. Now that my […]

Changing Your Entity in Nevada – Conversions and Domestications

June 14th, 2016 by

Are you thinking of relocating your existing business to Nevada, or reorganizing as a different entity type? As business attorneys, we get asked about this all of the time. Nevada allows owners of foreign entities to convert or domesticate as Nevada based companies. This allows you to keep your EIN, the credit your company has […]

Trademarks and Word Mark Classification

November 13th, 2015 by

When you’re thinking of your company’s name, slogan and/or tag line, be sure to weigh its “trademarkability.” Yes, yes, I realize “trademarkability” is not a real word, but it leads me to an important concept about trademark protection and your business. The short of it is, not all trademark protection is created equally, and the […]

Changing Ownership Interest in Your Company

October 19th, 2015 by

Boy, has this issue come up a lot lately.  I know you’re tired of hearing me say it, but this, like many other issues in your business, is not as simple as you think.  Regardless of whether you are selling interest, giving it away, or allowing someone to work for your company in exchange for […]