Business Attorney in The Lakes, Nevada

Nevada offers outstanding LLC protections under NRS 86 including: strong charging order protection that prevents personal creditors from seizing LLC interests, no state income tax, no franchise tax for small LLCs, strong privacy protection (nominee officers allowed), and no information-sharing agreement with the IRS. A The Lakes business attorney can form your Nevada LLC, draft an operating agreement, and advise on asset protection strategies.

Essential contracts for The Lakes businesses include: customer/client service agreements, independent contractor agreements, non-disclosure agreements (NDAs), non-compete agreements (limited enforceability in Nevada under NRS 613.200), vendor/supplier contracts, commercial leases, and partnership/operating agreements. A The Lakes business attorney can draft, review, and negotiate these agreements to protect your business interests.

Nevada breach of contract claims are governed by NRS 86 and general contract law. Claims must be filed within 6 years for written contracts under NRS 11.190. Before litigating, consider demand letters, mediation, or arbitration (if your contract has an ADR clause). Clark County District Court handles The Lakes business disputes. A The Lakes business litigation attorney can evaluate your damages and the strength of your claim.

Nevada's charging order protection under NRS 86.401 is among the strongest in the nation. A personal creditor of an LLC member can only obtain a 'charging order' against the member's LLC interest — they cannot seize the LLC's assets or become a member. This means a judgment creditor is limited to receiving distributions if and when the LLC makes them, without the right to force distributions. A The Lakes business attorney can structure your LLC to maximize asset protection.

Buying or selling a business involves complex legal issues including: asset vs. stock purchase structure (significant tax implications), due diligence, representations and warranties, non-compete agreements, lease assignments, employment matters, and regulatory compliance. A The Lakes business attorney can protect your interests through the entire transaction and avoid costly mistakes that non-represented buyers and sellers commonly make.

Nevada limits non-compete agreements under NRS 613.200. A valid Nevada non-compete must: be supported by consideration, be reasonably limited in duration (courts have struck down agreements over 2 years), be reasonable in geographic scope, and protect a legitimate business interest. Nevada courts may modify (rather than void) an overbroad non-compete. A The Lakes business attorney can draft enforceable non-competes or challenge ones filed against your employees.