The Articles of Incorporation and Bylaws are certainly important but a shareholder’s agreement is equally important. This agreement decides who is going to have representation on the Board of Directors, what will happen if a shareholder wants to sell out their shares, what happens if there is a deadlock among the shareholders, what will happen […]
At Sierra Crest Business Law Group, we get many questions from people concerned about being sued personally for things that take place in their business (business liability) . Likewise, we have many unfortunate cases in which a business owner was not worried about being sued personally for something that happened in his or her business […]
Hi, I’m Jerry Carter with the Sierra crest business law group here in Reno, Nevada. We represent a lot of business owners. And so one of the questions that comes up in our business representation is, what type of entity should I use to start my business? A lot of business owners ask us if […]
By Jerry Carter. At the request of Jerry Carter, Esq. and co-counsel Michael D. Smith, Esq., the Washoe County Business Court recently entered an Order Appointing Receiver to protect the shareholders of a mismanaged Nevada corporation. The Order confirmed an arbitration award. The Receiver is to take control of the corporation’s assets and make recommendations to the […]
By Jerry Carter. The Nevada Secretary of State has released its Quarterly Economic & Business Activity Report for the third quarter of 2012. Among the highlights: – 4,014 new Nevada corporations were created during the quarter, a decline of 4.1% from the prior quarter – 7,915 limited liability companies were created during the quarter, a decline […]
By Jerry Carter. The Nevada Secretary of State recently launched a new online business portal, called SilverFlume. It is advertised to be the first of its kind. Using this portal, a company can obtain or renew a state business license, apply for a sales and use tax permit, register a new business, file articles of […]
By Jerry Carter. In an October 29, 2012 Writ of Mandate, the Washoe County Business Court ordered a Nevada corporation to hold an election of directors. NRS 78.345 authorizes a district court to compel an election of directors of a Nevada corporation if a meeting of shareholders has not occurred within 18 months. The Writ […]
By Jerry Carter. The Nevada Supreme Court handed down a significant opinion in Consipio Holding, BV v. Carlberg, 128 Nev. Adv. Op. No. 43 (Aug. 9, 2012) (“Consipio“), regarding the circumstances under which nonresident officers and directors of a Nevada corporation can be sued in Nevada for injuring the Nevada corporation. The Nevada Supreme Court reaffirmed […]
By Jerry Carter. The Nevada Secretary of State has released its Quarterly Economic & Business Activity Report for the second quarter of 2012. Among the highlights: – 4,186 new corporations were created during the second quarter. – 8,910 limited liability companies were created. – The unemployment rate was 11.9%.
By Jerry Carter. In an Order dated August 9, 2012, the Washoe County Business Court stated that it will decide a dispute regarding control of a Nevada corporation even though one of the parties to the dispute is a California resident. Two primary factors influenced the Court’s decision. First, the California resident is alleged to […]
