Every business owner, at some point, must make decisions that will effectuate a change in the business and likely in the business owner’s personal life. Although, it is ideal that the two remain separate, all too often, business decisions carry severe personal consequences. With the right planning for business owners, you can protect their personal…
Continue reading…Category: Businesses & Corporations
Who Are the Decision Makers in Your Estate Plan? (Part 2)
Welcome back to the second installment discussing key decision makers. Part 1 introduced the concept of decision makers and we named some active roles. This week, we are finishing up this topic by naming a few more roles that are pertinent parts of running a successful estate! Enjoy! Agent (Durable Power of Attorney for Healthcare…
Continue reading…Estate Planning for Millennials – You’re Not too Young to Start Planning! (Part 3)
Okay Millennials, we are going to finalize this 3-part info session with Asset Protection!! When thinking of asset protection, even if you have no current assets, it is much more beneficial to have in the initial stages of planning rather than trying to group your assets together and place them later. Nevada is one of the…
Continue reading…Independent Contractor or Employee???
At first glance, it seems pretty clear cut. Independent contractors provide services to a company, but are not on the payroll, and (usually) bill for their time separately via invoice, like a vendor. Possibly, the most notorious denotation of an independent contractor is the tax responsibility. Instead of getting a W-2, like regular employees, independent…
Continue reading…Nevada Commerce Tax FAQs—- Deadline is August 15, 2016!
We’re getting a lot of questions about this issue, and I admit, it’s a bit confusing. You see, the measure for the Margin Tax was defeated during Nevada’s last legislative session… But we have to now deal w/ the Nevada Commerce Tax. What is it? The Commerce Tax is a new annual business tax passed…
Continue reading…All About Business: Limited Liability Company (LLC) Basics
A Limited Liability Company (LLC) is a non-corporate entity that provides limited liability to all of its owners (called “Members”). An LLC has a legal identity separate from its Members. LLCs are flexible types of business organizations that combine many of the great features of both partnerships and corporations. The LLC is a popular business…
Continue reading…Nevada Secretary of State Fees to Increase under SB 483- Effective July 1, 2015
Pursuant to SB 483 of the 2015 Nevada Legislature, effective July 1, 2015, certain Nevada Secretary of State fees will change as follows: Annual list and initial list fees will increase by $25.00 for all entity types (an increase from $125.00 to $150.00); State Business License Fees will increase from $200.00 to $500.00 for Corporations formed under…
Continue reading…Are Nevada LLC’s the Best Around?!
SB 405 went into effect on October 1, 2011. It strengthens the asset protections available to Nevada-based entities. The updated charging order language affects Nevada Limited Liability Companies (LLCs), Corporations and Limited Partnerships (LPs). The law changed as follows: the new language in the statute makes the charging order the exclusive remedy of a judgment…
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