ITINs, EINs, and Responsible Parties

October 19th, 2016 by

In order to open a bank account for your business entity, you have to present Articles of Organization/Incorporation and an EIN, which is an Employer Identification Number issued by the IRS.  In order to apply for an EIN number, you have to supply the EIN, ITIN, or Social Security Number of a “Responsible Party” for […]

Should I Form a New Entity for My Idea?

September 6th, 2016 by

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 […]

Guest On The Essentials Small Business Podcast

June 22nd, 2016 by

Some of the most important decisions you make for your business are made before you even start, when you have the least amount of information.  Listen to this podcast to learn ways to make educated decisions that will serve your business for its lifetime.  

Changing Your Entity in Nevada – Conversions and Domestications

June 14th, 2016 by

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 […]

Buying a Business – Asset Purchase or Stock Purchase?

June 1st, 2016 by

Recently I’ve walked clients through buying or selling a business.  My concerns are obviously different depending whether I’m representing the buyer or the seller, but there is a fundamental difference between the types of agreements used in these transactions, and fundamental misunderstandings I can clear up. Often, a prospective buyer will tell me all about how wonderful […]

What to Do with Contracts

March 30th, 2016 by

I know when I see not one, but two self-assigned tasks regarding contract stuff I deal with daily and now take for granted, it’s time for a blog post. In recent weeks, I’ve met with far too many clients who 1) haven’t signed contracts they now want to enforce, or 2) want my advice on a […]

Tiropeta (Spanakopita)

March 28th, 2016 by

I used to make these every New Year’s Eve, because they’re great for morning-after breakfast with the butter and cheese.  No, it’s not a traditional Spanakopita because it doesn’t have spinach.  I find the spinach can have an overwhelming taste…kind of like dirt.  No, thank you. Here’s my favorite recipe.  It was a huge hit […]

Nevada Wage Claims

December 15th, 2015 by

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

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 […]

Fast, Good, Cheap. Pick Two.

September 15th, 2015 by

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 […]