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Nevada Business Law Questions & Answers
1 Answer | Asked in Business Law for Nevada on
Q: Are rights of shareholders to speak at shareholders and board meetings protected under NRS78?

Shareholders have been denied to ask questions and/or speak at board meetings. We haven't experienced this before. Is it legal?

Maurice Mandel II
Maurice Mandel II answered on Jul 29, 2020

You are asking about Nevada law to California Attorneys. That is like asking a Bird vet about Cats. Best if you post this in Nevada.

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1 Answer | Asked in Business Law, Contracts and Employment Law for Nevada on
Q: Looking for help for breach of contract

I have worked as a remote independent contractor recruiter working in Texas for a staffing agency located in Las Vegas, Nevada. My compensation was not paid completely as agreed in the contract and the agency made me work other job that was not described in the contract. I was told by my other... Read more »

Kyle Anderson
Kyle Anderson answered on Jul 15, 2020

Sometimes these contracts have a clause that determines the state in which an action may be brought for a breach. I would review your contract and see which state you would need to bring action in, then start reaching out to employment law attorneys in that state for a consultation and to discuss... Read 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... Read more »

1 Answer | Asked in Banking, Business Law and Consumer Law for Nevada on
Q: Can we use words such as depositor, CD, Money Market with an investment account if we aren't a bank?

Can w use words such as depositor, CD, Money Market with an investment account if we aren't a bank? Our service. this investment account is very similar to a savings account in that you put your money in and you can take it out with very short notice, and you get a fixed return. It is an... Read more »

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Mar 3, 2020

The last time I looked, the unauthorized use of any of the financial terms you asked about, as well as many other banking, financial and investment terms, is prohibited in every state of the United States. It this were not the case you would see hundreds of thousands of small businesses offering... Read more »

1 Answer | Asked in Business Law for Nevada on
Q: I own a computer repair shop in Nevada, I have systems that have sat in dust waiting for pickup. What can I do?

I have attempted to call customers and contact customers, property varies having sat for 60 days to over a year. It's currently taking up space that we could be using for other purpose and most customers do not provide any address, only a phone number and name as we're a small town shop.

Tim Akpinar
Tim Akpinar answered on Oct 20, 2019

A Nevada attorney would really need to address your concerns because the solution might involve state or city laws governing bailments. But your question remains open for two weeks. Although this is frustrating for you and people should be more considerate about your limited space, you could look... Read more »

1 Answer | Asked in Consumer Law, Contracts, Real Estate Law and Business Law for Nevada on
Q: Can my hoa restrict visitors between 10pm and 6am

I am renting and had no idea I was moving into an hoa area

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Aug 29, 2019

Yes, HOAs can restrict that--and a lot of other things too.

3 Answers | Asked in Business Law and Tax Law for Nevada on
Q: Hi, Im going to form an LLC but have some questions about starting up without a lot of capital and taxation questions.

So I am the owner of a music group and naturally we don't have a large amount of capital to start a huge company but I was wondering how it works with taxes once you form an LLC and pay for things for your company with personal money before a lot of profit starts coming in is it tax... Read more »

Patricia Warnock
Patricia Warnock answered on Jul 27, 2019

Speaking with a tax planner is your best bet. He/She can help you decide what entity type is best for you and how to structure your entity to work in your best taxable interests. Business licenses vary from state to state and even county to county or town to town. You should speak with an... Read more »

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Q: Intellectual/Moral Rights Signed to Corporation FOREVER?

I'm a 20-year old male in the state of Nevada looking for work online. I've applied to an online AI-research company and have gotten a request for my first job. In the agreement attached, there is a few things I'm wary of before signing. It may just be paranoia, but I would like to... Read more »

Peter D. Mlynek
Peter D. Mlynek answered on Mar 16, 2018

I think that the assignment of all IP rights forever has to do with assigning all the rights that you produce for the company while you are engaged in an assignment for them. It does not extend to IP rights that you generate during your lifetime after the engagement ended.

You may want to...
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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
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.

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... Read more »

1 Answer | Asked in Business Law, Gov & Administrative Law and Car Accidents for Nevada on
Q: How many days after a NV Board meets is it responsible to publish its minutes? What NRS governs it?
Peter N. Munsing
Peter N. Munsing answered on Sep 8, 2016

Not every board has to publish every meeting. You need to determine if it is covered by the Nevada Open Meeings/Records Acts. http://www.nfoic.org/nevada-foia-laws

1 Answer | Asked in Consumer Law, Products Liability and Business Law for Nevada on
Q: I left a guitar that I bought online at the store for a year. Now they say they don't have it. Who is responsible?

I bought a guitar from an Internet ad, store in Las Vegas. I'm in Los Angeles. It was a year before I tried to pick it up. Now the store claims they don't have it, and that I had someone pick it up for me. They can't tell me when and have no documentation. I didn't tell... Read more »

Peter N. Munsing
Peter N. Munsing answered on Aug 22, 2016

You'll get not a whole lot of sympathy, but assuming they didn't send you a notice saying "pick it up or else" then they are "bailees" of the item and have to care for it. They owe you the value of the item. Ask them in writing for the item or the amount you paid. Take... Read more »

1 Answer | Asked in Business Law for Nevada on
Q: What is the status of assets of a Corporation/LLC that's dissolved and is considered "permanently revoked" in Nevada?
Adam Studnicki
Adam Studnicki answered on Aug 20, 2015

If it's dissolved, then the entity no longer exists.

Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is general information that is given for legal education only. It is not legal advice, and it may not work for your specific...
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1 Answer | Asked in Business Law for Nevada on
Q: Can I get a statement of good standing for my Nevada corporation without using the services of an agent or attorney?
Howard Berkson
Howard Berkson answered on Nov 20, 2013

Probably. Check with the Nevada Secretary of State's office.

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