Healthy Conversations to Have with Your Partner

May 7th, 2019 by

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 […]

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 […]

WTF(LSA) – New FLSA Regulations

July 16th, 2016 by

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 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 […]

Relocating an Entity from One State to Another

December 4th, 2014 by

As long as Nevada remains a business friendly state, we will continue to get calls from clients interested in moving their companies to our state. It’s not the simplest process, but it’s definitely possible. I’d encourage anyone to first consult with a CPA first, to review the tax consequences, but from the legal perspective, here’s […]

How to Start a Business in Las Vegas – Video Series

April 24th, 2013 by

I’m Gina Bongiovi. I’m a lawyer who works with startups and small businesses. Whether you’re in the startup phase or whether you just have an idea rolling around in your head you might want to turn in to a business one day, you need to know how to start a business in Las Vegas. If […]

What Types of Records Should Be in My Corporate Book?

December 19th, 2011 by

Recently, I made a pretty compelling argument for maintaining a corporate book, if I do say so myself.  Now that you’re convinced, what types of records should be included?  Generally speaking, you should include records of corporate meetings of members or shareholders, action taken without holding a meeting first, and approvals of common business decisions. […]

Why Do I Need a Corporate Book?

December 12th, 2011 by

When you form an LLC or a corporation with a commercial formation company, you’ll usually receive as part of the package a fancy-looking fake leather binder, sometimes with a heavy metal document sealer thingy.  Often, this binder sits on your shelf, gathering dust, doing you and your company absolutely no good.  There are many reasons […]

How to Start a Small Law Firm

August 5th, 2011 by

When I hung out my shingle, I did it with little guidance.  I’d taken a Law Practice Management class in school from a guy who hadn’t been a solo or small firm practitioner for decades and read two books.  I made more than a few mistakes and would love to save you the error part […]

Taking Advice from the Right Professionals

June 29th, 2011 by

If you have a toothache, you’re probably not going to go see your dermatologist. If you have back pain, a dentist probably isn’t the person to see. It’s the same thing with professionals involved in your business. I recently met with a business owner who poised to take drastic and destructive steps – dissolving his […]