Litigation in business can be a risky proposition for anyone, regardless of how strong their case may be. The reason is simple: the potential financial impact of a lawsuit. Even when someone prevails in court, they still have to spend a substantial amount of...
Contract Law
Transferring Shares in a Nevada Corporation
Shareholder transactions, usually the buying or selling of existing shares in a corporation, are the process of transferring shares from one person or entity to another. Typically, shares are transferred to bring a new core business partner on board....
8 Things To Do Before Legally Changing Your Business Address
Cost reductions, raising capital, and company growth, these are just a few reasons why companies decide to relocate their headquarters. Before moving and changing your company address, you’ll want to make sure you’ve considered the necessary compliance...
Anonymous Nevada LLCs
While Nevada is one of the few states that allow for anonymity of ownership, there are some steps you’ll need to take to optimize this protection.
Franchising in Nevada
You’ve just discovered a great franchising opportunity and decided to buy into a franchise. Before going through the process, and signing that franchise agreement, it’s important to understand what you’re getting yourself into. Misunderstandings can lead to an...
Arizona Force Majeure Clause
While navigating through the pandemic caused by the novel Coronavirus, many businesses faced 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 Majeure? A Force...
Succession Planning for Your Nevada Business
A properly written succession plan will help reduce headaches, cost, and drama. As the impact of an owner-exit grows, so does the need for a well-written succession plan.
Ending Business Partnerships in Nevada
Like any end to a relationship, ending a business partnership can be difficult and complicated. Without the proper legal structure set in place, this can turn into a huge burden on top of an already challenging situation. You’ll want to make sure this final...
Corporate Minutes in Nevada
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.
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.
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