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Nevada Business Formation Questions & Answers
0 Answers | Asked in Business Formation, Business Law and Gov & Administrative Law for Nevada on
Q: NRS 240A.030(3)(l) Document Preparer Cert. states an individual that is a commercial agent doesn’t have to obtain a DPC.

A Nevada state agency is requiring me to obtain a Document Preparers Cert. When I am a Commercial Agent registered with NV SOS. They are not allowing me to conduct any business until I obtain the DPC. Am I interpreting the statute incorrectly? I have been working for the last 3 yrs with the... View More

1 Answer | Asked in Tax Law, Business Formation and Business Law for Nevada on
Q: How can I receive shares of a small llc that I've earned and avoid the tax burden? Nevada

I've vested my percentage by coming in and running the business for the last 6 years but cannot afford to pay the taxes.

James L. Arrasmith
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answered on Jan 22, 2024

Receiving shares in an LLC as compensation for services rendered can indeed create a tax burden, as the IRS often views this as taxable income. In Nevada, while there is no state income tax, federal taxes still apply. One way to manage this tax burden is to receive the shares gradually over several... View More

1 Answer | Asked in Bankruptcy, Tax Law, Business Formation and Business Law for Nevada on
Q: What would happen if I'm unable to comply with this plan and the account proceeds into collections or personal guaranty

My Amazon account was closed recently, resulting in an outstanding balance owed to Payability (which a service that offers prepayment option for Amazon sellers on the shipped orders) due to premature payment. They proposed a payment plan of $1,000 a week to settle the remaining $19,320.89.... View More

James L. Arrasmith
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answered on Jan 12, 2024

If you are unable to comply with the proposed payment plan and your account proceeds into collections or personal guaranty enforcement, there are several potential consequences. The creditor, in this case, Payability, may initiate collection efforts. This can include contacting you for payment,... View More

1 Answer | Asked in Business Formation and Business Law for Nevada on
Q: How do I file for a sports handicapping business LLC in Nevada? What NAICS classification should I use?

I am looking to start a sports handicapping business. For a fee, customers can purchase a subscription and receive a report with the sports picks I believe have the best value against the Vegas odds. I will not be placing wagers for my customers, running any type of fund, or anything aside from... View More

T. Augustus Claus
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answered on Oct 5, 2023

In Nevada, to establish a sports handicapping LLC, you'd generally follow steps like selecting a unique LLC name, appointing a registered agent, and filing Articles of Organization with the state. For the NAICS code, consider "711510 - Independent Artists, Writers, and Performers".... View More

2 Answers | Asked in Business Formation and Business Law for Nevada on
Q: Hello - I'm trying to find a document that states I have a DBA in Clark County - State of Nevada. Where should I look?

I've been using the name since I'm guessing 2013 or 2014.

Tiffany Ballenger Floyd
Tiffany Ballenger Floyd
answered on Feb 3, 2021

Hi There,

Here's a link to search for your DBA (aka FFN, Fictitious Firm Name), in Clark County, NV:

https://clerk.clarkcountynv.gov/AcclaimWeb/Fbn/SearchTypeFbnByName

Link to statutes:

https://www.leg.state.nv.us/nrs/NRS-602.html

Hope this helps point...
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1 Answer | Asked in Banking, Business Formation, Business Law and Collections for Nevada on
Q: Is there a lawyer that can assist with a pay day loan / hard money loan startup?

Need help obtaining a 604a license and any other items needed for the startup

Tim Akpinar
Tim Akpinar
answered on Mar 4, 2021

A Nevada attorney could assist best, but your question remains open for a month. Given the Q & A format of this board, it could be difficult for a law firm to come forth and offer their services like in an attorney referral site. At this point, you could reach out to attorneys. There's a... View More

1 Answer | Asked in Business Formation, Business Law, Civil Litigation and Contracts for Nevada on
Q: Can my business partner change ownership percentage without my knowledge?

I have K1s stating my percentage ownership. Is K1s good enough to establish percentage of ownership?

Tri Minh Nguyen
Tri Minh Nguyen
answered on Apr 13, 2020

Good question. Usually, a business partner can't change your ownership percentage in a partnership or company without your permission or unless you have given the partner some sort of right to do so. There are tax implications associated with that change (especially if you are in a... View More

1 Answer | Asked in Business Formation, Business Law, Criminal Law and Immigration Law for Nevada on
Q: Is that possible to an ilegal alien to get a car dealership license or not?

an ilegal alien that have his visa expired and have only this issue

thanks in advance

Hector E. Quiroga
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Hector E. Quiroga
answered on Nov 20, 2017

It is hard to say, since that’s more of a state level issue. Assume that it is unlikely, however.

1 Answer | Asked in Copyright and Business Formation for Nevada on
Q: Im thinking of starting a disney, marvel, harry potter and so on... themed escape room would that be ok ?

It be themed in that universe and we would just use pictures of them and you must answer trivia questions and puzzles to get out of the room.

Will Blackton
Will Blackton
answered on Jun 15, 2017

For the purposes of this answer, I am assuming that you mean a business that operates recreational escape rooms:

It would be wise to seek the permission and a license for this use from the owners of those intellectual property assets. If a customer were to think that your escape room were...
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2 Answers | Asked in Business Formation, Business Law and Patents (Intellectual Property) for Nevada on
Q: What're the steps to starting a clothing brand?
Peter D. Mlynek
Peter D. Mlynek
answered on May 9, 2017

Congratulations on starting a new venture! I hope that it is successful.

It is good to hear that you recognize that intellectual property may be important to your business, and you are interested in protecting it so early on. You are way ahead. It is always hard for me to tell clients...
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1 Answer | Asked in Business Formation, Business Law and Tax Law for Nevada on
Q: So I started my llc early this year and have sold nothing but im getting a tax delinquency letter, not sure what to do?

n/a

Matthew M Montoya
Matthew M Montoya
answered on Sep 30, 2016

The IRS letter will tell you which tax form the delinquency is for, as well as the tax year. Make sure your confirm that the letter is for your business and not you, personally, because they can be two separate issues. It's difficult to know exactly what the issue is without seeing the... View More

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