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Business Law

10 10, 2017

Why It’s Better to Form a Company in Nevada

By |October 10th, 2017|Categories: blog, Business Formation, Business Law|Tags: |0 Comments

Starting your own business and then running that company can be one of the most rewarding, but difficult tasks of your entire life. There are so many factors to consider! Not only that, but you'll need to spend time, money, and energy working towards keeping your business afloat. Though forming a company may initially lead to more stress, eventually you'll be on the fast track to success. Because forming a company brings so much stress, it's important to find the best areas to actually start your business. Forming a company in Nevada, for example, is a much better decision that beginning a company in other states. Here are a few reasons why it's better to form a company in Nevada. No state income tax Having to report and pay an income tax for a new company can make it more difficult to get off the ground. Just when you gain some momentum, as a business, and start seeing some actual revenue, you'll have to fork over a percentage to the state where you are incorporated, if that state requires companies to pay an income tax. In Nevada, however, new business owners don't have to worry about that. Including Nevada, there are seven U.S. states that currently don't have an income tax. The other six states are Florida, Alaska, South Dakota, Wyoming, Texas, and Washington. Single member Limited Liability Companies are protected Business entities that fall within the classification of “single member limited liability company” are extremely popular, but aren't protected in every single state the same as multi-member liability companies. Nevada, however, protects new company owners who create a single member LLC. IN fact, in Nevada, single business owners are treated [...]

30 11, 2016

4 Reasons Why Hiring a Business Lawyer Is Crucial to Your Business Success

By |November 30th, 2016|Categories: blog, Business Law|Tags: |0 Comments

[column width="1/1" last="true" title="" title_type="single" animation="none" implicit="true"] As a business owner, how high is hiring a business lawyer on your priority list? Chances are it should be higher. Having the right legal information readily available is crucial to your business success and growth, whether you're just starting up a business, or have been in the game for a while. Here are a few aspects a legal professional can help you with: What information to include in contracts to limit liability How to back up your position when a dispute arises How to approach crucial transactions and decisions Your responsibilities to keep your commercial entity separate from your personal assets Of course, you can try to do it alone or get advice from other sources. However, you risk making decisions based on possibly inaccurate information. That being said, your own personal legal advisor could be your best investment. Here are four reasons why: 1. Avoid Early-Business Missteps Getting started in the entrepreneurial world can be a thorny affair - especially in the legal department. This is why the wisest strategy would be to invest in legal business formation. You'll need to figure out which type of business entity you want to create first. It's important to have someone who can ask the right questions at the right moment and advise you on the best course of action. Business attorneys are best equipped for the job. Taking your particular circumstances and business goals into account, they can offer valuable information to make sure your business ventures off on the right foot. Forms, taxes, and licenses all come into play when dealing with clients and suppliers. The last thing you want is faulty operations that result in unexpected costs [...]

30 04, 2016

Top 10 Things Business Owners Need to Know About Entering Into Business Contracts

By |April 30th, 2016|Categories: blog, Business Formation, Business Law|Tags: , |Comments Off on Top 10 Things Business Owners Need to Know About Entering Into Business Contracts

[column width="1/1" last="true" title="" title_type="single" animation="none" implicit="true"] Litigation may be the only recourse for some business owners, as it often results when someone enters into a contract without fully examining what they are signing. At Tony M. May P.C., we see all types of businesses dealing with a variety of issues stemming from poorly written contracts, to those that signed contracts without actually understanding what they agreed to. If you are in the process of entering into a business contract, here are the top ten things you need to know beforehand to help protect you and your assets: All business contracts should be in writing. Oral agreements can be binding, but they are difficult to enforce in court. A written agreement is less risky and it clearly defines each party’s rights and obligations. Define each party’s rights and obligations. Defining the rights and obligations of both parties eliminates confusion, and makes it easier to plead your case in court as it has been clearly defined in the contract. Use clear language. Use clear language and terminology that you understand, so that you will be able to clearly determine your rights and obligations under the contract. Create short, clear sentences, with numbered paragraph headings to show a reader what is in the contract. Identify each party correctly. The contract should identify the accurate legal names of the parties involved. This is so they can determine their obligations to be performed under the contract, which includes using the full legal names of the corporations and/or LLCs that are parties to the contract. Include clear definitions of rights and obligations. The contract document must include all of the rights and obligations for each party member in the contract. [...]

29 12, 2015

Should You File a Copyright in Nevada?

By |December 29th, 2015|Categories: blog, Business Law|Comments Off on Should You File a Copyright in Nevada?

[column width="1/1" last="true" title="" title_type="single" animation="none" implicit="true"] Don’t let someone else steal your work! Filing a copyright is an effective way to protect your work from being plagiarized, or having your ideas stolen and other people making profit off them. Tony M. May, P.C. provides legal services for individuals seeking to file a copyright in Nevada. We will help you register your work, and handle licensing and assignments of your copyrights. Common Copyright Law Services When you want to file a copyright, there are several services we will provide to help you: Preparing and filing a copyright application Obtain a deposit copy Answering questions about the Copyright Office and your rights Handling Copyright Office refusals to registration Tracking deadlines and filing for extensions if needed Our Las Vegas law firm will provide you with information about the status of your application, and we keep you informed of any hang-ups that may occur when filing a copyright. Keeping Your Ideas Safe With so many small businesses springing up each day, there is a good chance someone else has similar ideas to you. All businesses should aim to have protection for their products and services. No one can be certain that another individual will steal their big idea and will profit from it. There are three main intellectual property types: Patents – a patent is used to protect products and services involved with ideas that are already in place. Trademark – a trademark will protect a name or symbol that is associated with a product or series. Trademarks are designed to protect consumers from confusion when another business attempts to use a similar product or appearance to build their brand. Copyrights – copyrights are used to protect [...]