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Las Vegas Business Law Blog

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.

Legal Considerations in Hiring New Employees

As a business owner, you will certainly be faced with the task of hiring new employees. While you are focused on getting the right person for the job, there are certain legal requirements that you cannot overlook to avoid being sued for discrimination or liability issues.

Is Your Nevada Non-Compete Agreement Still Valid?

The Nevada Supreme Court passed a decision last year that may have caused your agreement to become invalid. In the case of Golden Road Motor Inn, v. Islam, the court held that non-compete agreements cannot extend further than what is reasonable and cannot create hardship on the employee. The biggest change from the ruling is the decision that courts may not "blue line" ("blue pencil") contracts, meaning to change or delete terms to make the contract legal.

What You Need to Know About E-signatures

It wasn't long ago when documents weren't saved on a hard drive, a server, or sent via email. Today's businesses have gotten very good at going paperless and as a result have gotten more efficient. E-signatures are a big part of the efficiency and are essential for people on the go. They are common now but there are still some lingering questions related to e-signatures.

Nevada Commerce Tax Reminder

Nevada is typically considered a "tax-free state," the state attracts business owners from across the country for its low filing fees and absence of state income tax. However, the commerce tax, effective July, 1, 2015, put a dent on the "tax-free state" image. If your business is registered in Nevada, be prepared to turn in your Nevada Commerce Tax Return Form this summer.

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Las Vegas, NV 89119

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