Category: Business Owners

Please forgive the unpolished nature of what follows, but I was furiously taking notes during a webinar with Joseph Amato, Director of the Nevada District of the SBA. Some things have changed since our last articles which we will go back and update. I’ve bolded particular items that are probably of interest to many of […]

Edited based on information received during a 4/7/2020 webinar with Joe Amato, SBA’s Nevada District Office Director.  Notes from that are here. In an effort to get as close to the horse’s mouth, so to speak, we are sharing the information Gina received on a conference call with the SBA’s Nevada District Office Director, Joe […]

Updated 4/8/2020 Nevada Banks – Taking Non-Client Applications or Not? Latest updates on funding as of 4/7/2020 5:16pm: From SBA Webinar OPTIONS FOR FUNDING – Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) US Treasury Guidance on PPP 3/25/2020 – Force Majeure: We’re fielding lots of calls from people looking to invoke a […]

We are fielding a LOT of calls from businesses that are on the fringe of “essential” and are asking if they can continue to operate. The short answer is that, in most cases, it’s not abundantly clear. First, let’s go to the source – the definition of essential business NOT from the local news, or […]

We’ve previously discussed what to expect when selling your business, but what happens after the sale closes?  After all the craziness that characterizes almost every deal finally ends?  One of our clients generously shared some thoughts, which we will post below. Anonymously, of course. How long did you operate your business? 16 years. Did you start […]

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 […]