Common Tenant Pitfalls in a Commercial Lease
Are you a small business owner entertaining the thought of entering into a commercial lease for your operation? If so, leases can be pretty intimidating (and dreadfully boring), and there are several common pitfalls you should be aware of. We’ll address a few of the major ones here, but it is always best to seek […]
Copyright Infringement
Did you receive a letter from a lawyer, or, heaven forbid, Getty Images, stating that you used an image without permission? Does that letter also demand an alarming amount of money for this transgression? “But I didn’t know it was a problem and not very many people saw it.” Unfortunately, those are not valid excuses. […]
Sole Owners and Succession
Are you the sole owner of your company? If so, do you have a succession plan in place for your business? You do? That’s great. Does it pass muster with your bank? If your brow is furrowed and a cartoon question mark is floating above your head, read on. In the last year, we were […]
Business Partnership Divorce
Though you started out as best friends, spouses, siblings, or college roommates, you and your business partner(s) now have each other’s headshot on a dartboard. You’re losing sleep, the company is losing clients, patience is wearing thin, and everyone is nearing the end of their respective ropes. You’re hoping your partner simply disappears over the […]
Should I Form a New Entity for My Idea?
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 […]
WTF(LSA) – New FLSA Regulations
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. […]
Changing Your Entity in Nevada – Conversions and Domestications
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 […]
Nevada Wage Claims
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 […]
Changing Ownership Interest in Your Company
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 […]
Fast, Good, Cheap. Pick Two.
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 […]