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.
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.
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.
When you start a business, part of the requirements to operate the business involves getting you must get the proper licenses. Certain types of businesses require specialty licenses, such as a plumber, natural gas service, or electrician. Hair salons, nail salons, and other businesses also require specialty licenses. If you are unsure of the requirements for your type of business, a consultation with a Nevada business license lawyer may help to clear up any confusion.
While corporate lawyers often spend much of their time reading the terms of business contracts and ensuring that everything is within the law, these professionals can also help your organization to facilitate successful business deals. Hiring a corporate lawyer in Las Vegas can help you with negotiating terms, establishing partnerships, and protecting intellectual property rights.