Category: Business Owners

It’s that time again. New year (or decade) = new laws! While new laws and amendments to existing ones are nothing unusual, this article aims to highlight some of the important changes in Nevada and federal laws that may directly impact Nevada employers. While certainly not an exhaustive list, here are some of the hot […]

First off, selling your business will always – ALWAYS – take longer than you think it will or should.  We have never seen a business sale, whether it’s five figures or seven figures, close in less than 45 days.  Even 45 days is pretty ambitious. Think about it – you have a buyer, a seller, […]

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, […]

Over the last year or so, one of the largest gaming/hospitality companies in the world (whose name rhymes with schmem-gee-em) has offered early retirement packages to scores of its executives in an effort to increase profitability.  We’ve met with a number of these incredibly talented professionals who are wondering “what’s next?” Starting a consulting business […]

Here at Bongiovi Law Firm we focus on serving as outside general counsel for small to medium sized businesses. As part of that representation, I frequently review and negotiate commercial lease agreements for our clients, whether it be for retail, office, industrial, or medical space. As the previous sentence suggests, lease agreements can differ widely […]

Things Gone Awry for Restaurant Clients Restaurants are some of the most complicated small businesses around.  In fact, just today, while talking with another business advisor about a client in dire straits, she asked, “what industry?”  I said “restaur…”  and before I could even complete the word, she was nodding in understanding.  Running a restaurant […]

First, let’s clarify what we mean by “foreign” – it doesn’t involve a flight across the pond or digging out your passport. Your entity is considered a foreign entity by a state other than the one in which it’s incorporated. As expected, your entity is considered a “domestic” entity by the state in which it’s […]

No, we haven’t taken a hard left and turned this into a relationship blog.  Well, at least not that kind of relationship. I recently prepared an Operating Agreement for a company of four where two of the partners are highly accomplished in-house attorneys for big companies.  One of them asked me to explain the purpose […]

Leasing commercial space for your business can be pretty daunting. There are several things you, as a prospective tenant, should think about prior to going down the commercial leasing path. Here, we’ll briefly discuss a few of the more important items you’ll want to understand so you can make the best decision for your company. […]

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 […]