Creating and maintaining records is an important part of following proper corporate formalities. Corporations and LLCs must file Articles of Incorporation or Articles of Organization with the Nevada Secretary of State and maintain all records, minutes, etc., as required by law. One of the key reasons to regularly maintain corporate minutes is to ensure the corporation follows proper and ethical procedures in accordance with your organization’s bylaws.
Business Law
What To Know About Assembly Bill 47 and Non-Compete Agreements in Nevada
The Nevada Governor recently signed Assembly Bill 47, which amends Nevada’s statute governing noncompetition agreements (NRS 613.195). Employers should be aware of the changes to the law, especially those with noncompete agreements, which will go into effect on October 1, 2021.
Nevada Business Reinstatements
You just found out that your Nevada entity is in default, revoked, or permanently revoked. How do you get your business back in good standing with the Secretary of State? To check your entity’s status with the Secretary of State, you may…
Should You Consider Splitting Your Business?
A business owner can have multiple businesses under one LLC but when is the right time to split them into multiple LLCs? Yes, it’s more bookkeeping than you might otherwise need to do. Taxes will have to be filed for each LLC, rather than…
Protecting Your Home’s Equity with A Homestead
Nevada homeowners should embrace the protections Nevada Homestead Law offers and protect their equity. The Nevada Homestead Law is designed to protect homeowners from entirely losing the equity of their homes. Generally, a homeowner may claim homestead protection for...
Force Majeure Clause
Force Majeure ClauseNavigating through the pandemic caused by the novel Coronavirus, many businesses are facing situations that may excuse or delay their obligations to perform under existing contracts due to the occurrence of a Force Majeure event.What is Force...
Small Business Legal Strategy for Coronavirus
As the calamity continues to change and governments around the world organize to solve the immediate threat, the long-term strategic impacts of COVID-19 also require analysis and strategic planning. All businesses, regardless of size, should prepare for the long-term...
Changes to Local Rules and Regulations for Southern Nevada Businesses
Changes to Local Rules and Regulations for Southern Nevada BusinessesLocal departments have made some changes to their operations following the Governor's directive to mitigate the risk of COVID-19. Below are some changes from Clark County and cities around...
The CARES Act for Small Businesses
With the passing of the Coronavirus Aid, Relief, and Economic Security ("CARES") Act, businesses are recommended to review the resources available to them to battle the effects of COVID-19 on their operations. We'll focus on the resources set aside for companies that...
Why Your Contract Needs a Contingency Provision
There are many reasons why you or your company should consider adding a contingency clause or provision in you contracts. These provisions can be easily overlooked before entering into a binding agreement. However, it should garner more importance since it can be used...
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