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 […]
Goodness gracious. Every time I think regulations affecting small businesses can’t get any more onerous, I’m proven wrong. From the ACA to state and local regulations that place a disproportionate (IMO) burden on employers to prove their compliance with the law, it seems to be getting more and more arduous to run a small business. […]
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 […]
First, what is a wage claim? Any person who has previously worked for you, in any capacity, can file a wage claim with the Nevada Labor Commissioner for money they claim they earned but that you didn’t pay. The important thing to know, if you don’t read any further in this article, is that the […]
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 […]
Lately, we’ve had a number of meetings with potential clients who are bringing problems to us, largely because they 1) didn’t take the time to find the right advisor, 2) didn’t want to pay for the right advisor’s advice, or 3) were in such a hurry they just downloaded an online template contract. Only recently did […]
Recently, the Nevada legislature increased the cost of doing business here in Nevada. Initial and annual lists (required annually) increased for every type of entity by $25. While this is may be the cost of a few cups of fancy coffee, the real heartburn is being felt by our clients who are organized as corporations. […]
By popular demand, here is the checklist for starting a business in Las Vegas, Henderson, North Las Vegas, Boulder City and Clark County. First, Southern Nevada is a bit wacky in its structure. While it would make sense for there to be three levels of business licensing – state, county, city – that’s not the […]
If you’re looking at leasing retail space for your business, chances are that the landlord is going to require you, as the Tenant, to pay Percentage Rent in addition to the Minimum Annual Rent (aka Monthly Base Rent). Basically, the landlord wants a cut of your sales when you are running a successful business! You […]
Thinking about leasing space for your business? Have you heard the terms, “Full Service Gross,” “Modified Gross” and/or “Triple Net” and don’t know what to think? If so, you’re not alone – but wait – there’s good news! The basics of these common commercial lease types are not quite as intimidating as they might sound. In […]