There are many decisions to be made when forming a Nevada LLC. One is deciding whether to operate as a member managed or manager managed LLC. This information is submitted to the Nevada Secretary of State during the formation of the LLC and thus the LLC will be expected to operate accordingly.
Business Law
Understanding Your Commercial Lease Agreement
Earlier in the year, we talked about things to consider before signing your commercial lease. However, we didn't dive into understanding your lease or cover the common mistakes business owners make before signing their lease. As you read this, keep in mind that a...
Do You Need a Nondisparagement Clause?
Nondisparagement clauses have gained popularity due to the many outlets consumers have available to leave reviews about businesses. The internet has made it much easier for customers and consumers to voice their opinions about businesses, both positive and negative....
Partnership Representative Clauses and Why You Need One
The Tax Equity and Fiscal Responsibility Act (TEFRA) once governed the auditing process for LLCs that are taxed as partnerships. Previously, the IRS could not hold the LLC responsible for federal income tax deficiencies, only the members of the LLC were liable. TEFRA...
4 Things Before You Sign a Commercial Lease
Signing a commercial lease as a business owner should not be taken lightly. A business owners' biggest expense may be a store-front or office space when they are first starting out. Like any contract, it may be too late to make any changes to a commercial lease once...
5 Things to Know Before Investing in a Small Business
There are many reasons to invest in a start-up. Small-business investments have been one of the more popular ways individuals and families begin their journey to financial independence. The right investment, in the right company, at the right time can be very...
Business Status: Dissolution vs. Revocation
There are many things to keep track of as a business owner. One of those is your business's current status with the State of Nevada. Keeping an eye on your standing with the state is simple but it's not uncommon for businesses to find themselves in default or revoked...
Planning for the Unexpected as a New Business Owner
More than half of all new restaurants fail within the first year, and the statistics for other types of business aren't much higher. When you come up with a new business idea, you might spend years researching your idea and comparing other businesses before looking at...
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...
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...
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