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Las Vegas Business Law Blog

Nevada Short-Term Residential Rentals

With the rising popularity of short-term rental investments, and the growing interest of the public to find hotel alternatives, the local government in Nevada decided to take a closer look into the short-term rental industry. It's no surprise that the local authorities have begun to crack down on rentals without proper documentation. It's not only the government questioning these rentals but the neighbors of these homes as well. If you're planning on converting property in Southern Nevada into a short-term rental listing then you'll want to make sure you protect your investment with the proper documentation.

Nonprofits in Nevada

The range of nonprofit organizations in Nevada is ever growing. It's no secret that nonprofits are eligible for a federal tax exempt status and this makes forming this type of entity popular with potential business owners. But the increasing popularity has also brought more dishonesty. In the current climate of nonprofits, with news stories of organizational corruption increasing, the Internal Revenue Service began to narrow its focus on the organizations and excess benefit transactions.

Women and Minority Owned Businesses

There are many advantages in Nevada for businesses and entrepreneurs. However, minority-owned businesses have historically been less successful in the state. Many minority-owned businesses don't have access to needed capital. Along with capital, they need proper management and training in order to contend for contracts and stay alive in the market. Beginning next year (2018), Assembly Bill No. 436 will require the Secretary of State to ensure that information for private and public programs to obtain financing and certifications are available to disadvantaged business enterprise.

Are You Ready to Enter a Business Partnership?

If you're a small business owner, you've most-likely considered entering a partnership at one point or another. From an outsider's perspective, joining a partnership can seem like a great use of resources, capital, and energy. However, most partnerships don't pan out the way partners would hope because many business partners enter a partnership for all of the wrong reasons. Some of these reasons include not having enough connections, shortage of financing, lack of skill set, or simply not wanting to operate alone. That being said, there are many variables that may come into play and derail a partnership as the business picks up.

Why Do My Contracts Need an ADR Clause?

Every business owner has signed an agreement at one point or another. In a perfect world, these agreements would always be executed as they're agreed upon. However, everyone knows that contracts are breached and agreements aren't honored all the time. These disputes and incongruities can lead to more trouble, headaches, and lawsuits more often than not. One thing is certain, when these issues arise, all parties are faced with potentially higher fees and costs than they initially anticipated. As a business owner, it's imperative to find a way to mitigate the cost of these issues when they do arise. So, how is this done?

Hobby vs. Business | What You Need To Know

When should my hobby become a business? It sounds like a simple question but there isn't a simple answer, unfortunately. Whether it's sewing, painting, cooking, or performing - any hobbyist and business owner should understand the IRS's rules for what qualifies as a business or a hobby. Whether your venture is a hobby or a business affects your tax liability. In addition to the tax implications, you should also consider your legal requirements and protection.

What New Business Owners Should Know About Intellectual Property

There are many things at the top of every business owner's mind when they launch their company. This may include raising capital, revenue, sales, marketing, getting clients and customers - and rightfully so. There would be no company to manage without revenue. However, intellectual property is among the last things that a start up thinks about and it shouldn't be.

How Tightening Rules for Foreign Business Owners Could Affect Your Future and Current Nevada Business

Nevada has been a popular destination to establish businesses and the popularity is recognized by foreign business owners as well. This is largely due to the tax benefits and protection that many Nevada entities currently have. It's no secret that many businesses form shell companies here to protect sensitive information. In comparison to other states, Nevada has little power under the current statute to audit or investigate companies that have incorporated here, unless asked by law enforcement. The reason for the discussion of tightening the rules for Nevada entities is due to the recent discoveries of shell companies being linked to the government corruption scandal in Brazil, most commonly known as the Panama Papers in 2016.

How Tightening Rules for Foreign Business Owners Could Affect Your Future and Current Nevada Business

Nevada has been a popular destination to establish businesses and the popularity is recognized by foreign business owners as well. This is largely due to the tax benefits and protection that many Nevada entities currently have. It's no secret that many businesses form shell companies here to protect sensitive information. In comparison to other states, Nevada has little power under the current statute to audit or investigate companies that have incorporated here, unless asked by law enforcement. The reason for the discussion of tightening the rules for Nevada entities is due to the recent discoveries of shell companies being linked to the government corruption scandal in Brazil, most commonly known as the Panama Papers in 2016.

How Tightening Rules for Foreign Business Owners Could Affect Your Future and Current Nevada Business

Nevada has been a popular destination to establish businesses and the popularity is recognized by foreign business owners as well. This is largely due to the tax benefits and protection that many Nevada entities currently have. It's no secret that many businesses form shell companies here to protect sensitive information. In comparison to other states, Nevada has little power under the current statute to audit or investigate companies that have incorporated here, unless asked by law enforcement. The reason for the discussion of tightening the rules for Nevada entities is due to the recent discoveries of shell companies being linked to the government corruption scandal in Brazil, most commonly known as the Panama Papers in 2016.

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