New Rules for Nonprofits

January 25th, 2015 by

As one of my clients discovered the hard way, many states have charitable solicitation registration laws.  As of January 1, 2014, Nevada is one of these states.  Assembly Bill 60 requires a nonprofit corporation to register with the Nevada Secretary of State before it begins soliciting or accepting tax-deductible donations within the state. Organizations may […]

Benefit Corporations

January 19th, 2014 by

On January 1, 2014, the Nevada Secretary of State began accepting filings for a new entity, the benefit corporation, or “B corp.” Officers and directors of traditional corporations labor under a fiduciary obligation to turn a profit for shareholders.  A corporation’s failure to do so can result in a shareholder derivative suit, where the individual […]

No Crowdfunding, Not Yet

December 7th, 2012 by

December 6, 2012 The Nevada Secretary of State just today issued a press release warning businesses about crowdfunding.  Simply stated, crowdfunding describes the method by which an organization can raise money from a pool of contributors, each of whom pony up a small amount of dough, often through crowdfunding sites on the internet.  Small businesses […]

Amazon to Collect Sales Tax from Nevada Residents

April 26th, 2012 by

On April 23, 2012, Nevada Governor Brian Sandoval and Amazon.com announced an agreement that Amazon would begin collecting sales tax on purchases made by Nevada residents starting at least January 1, 2014. Even when Nevada residents make a purchase that doesn’t involve paying sales tax, Nevada law requires them to remit the equivalent sales tax […]

Small Business Rapid Resourcing Event

September 21st, 2011 by

It takes a village to run a business.  And by “village” I mean if you’re a business owner in Nevada, chances are you’ll run across the Secretary of State, the Department of Taxation, the IRS, and the city and county business license bureaus, among many others.  Are you aware there are organizations like SCORE and […]

Was Your Corporate Status Revoked This Week?

September 10th, 2011 by

PRESS RELEASE:  On September 8, 2011, the Nevada Secretary of State revoked the corporate status of over 400 businesses whose registered agent, Power Point Management, Ltd., failed to respond to requests for information from the Secretary’s office.  If you used Power Point Management as your registered agent, and your own address was not registered with the […]

Nevada Secretary of State Tackles Corporate Ownership Fraud

September 10th, 2011 by

PRESS RELEASE: If you formed a Nevada entity as a shell corporation or in order to evade taxes, launder money, or violate securities laws, Nevada Secretary of State Ross Miller and his newly-appointed Corporate Ownership Fraud Task Force are coming for you.  The Secretary’s office is working closely with the IRS to fight these fraudulent […]

Beware of Deceptive Solicitations from “Registered Agents”

August 23rd, 2011 by

Today the Nevada Secretary of State issued a press release warning companies about fraudulent solicitations from companies offering to update your entity and requesting filing fees.  Because many of these solicitations include official forms downloaded from the Secretary of State website, they appear to be official, though they’re not.  Often, by returning these forms with […]

Nevada Secretary of State Cracks Down on Home Based Business Exemption to State Business License

August 21st, 2011 by

The Nevada Secretary of State recently discovered that it’s losing tens of millions of dollars in license revenue because businesses have been improperly claiming the home-based business exemption from the state business license requirement.   Essentially, if you own and operate a home-based business that generates less than $27,000 a year, you can get out […]

Financial Incentives for Hiring Unemployed Nevadans

June 2nd, 2011 by

This month’s issue of the Las Vegas Chamber of Commerce‘s Business Voice features an article about Silver State Works, which provides businesses financial incentives for employing out-of-work Nevadans. Employer-Based Training Silver State Works will provide a training allowance to a business providing 24 hours of training a week, for a total of up to six […]