“Revenue solutions” are the talk of Carson City as the Nevada Legislature heads into its final week. Unsatisfied with Gov. Brian Sandoval’s newest proposals to hold state spending in the next budget cycle at a similar level to the current budget cycle, majority Democrats are pressing for more taxes on Silver State businesses, workers and consumers. These tax increases would … [Read more...] about Taxes, Taxes & Taxes… Oh My!: Lawmakers trying to poach more from private industry
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Nevada’s Uniform Interstate Depositions and Discovery Act: Understanding Out-of-State Subpoenas
From time to time, attorneys get calls from clients who have just received scary-looking subpoenas “commanding” them, in ALL CAPS, to produce documents in legal proceedings pending in other states. These subpoenas often seem, at first blush, to have nothing to do with the client. Sometimes the subpoena seeks employment records of current or former employees; at other times it … [Read more...] about Nevada’s Uniform Interstate Depositions and Discovery Act: Understanding Out-of-State Subpoenas
Understanding the Law: Regarding Non-Compete Agreements
Q: "I just discovered that I hired an employee who is bound by a non-compete agreement with his former employer. What do I do now?" Under Nevada law, a post-employment restrictive covenant -- sometimes referred to as a “non-compete agreement” -- is enforceable against a former employee if it is reasonable and not countered by a prevailing public policy. But in certain … [Read more...] about Understanding the Law: Regarding Non-Compete Agreements
Residential Foreclosures: How the mortgage process is changing in Nevada
The avalanche of foreclosures over the past few years has resulted in many changes to both the nation’s banking laws and Nevada’s residential mortgage foreclosure process. Many of these changes seek to provide greater protections to homeowners against perceived lender abuses. Stricter procedures on how banks can foreclose on a home may also be on the horizon. Until the … [Read more...] about Residential Foreclosures: How the mortgage process is changing in Nevada
A Trustworthy Investment Option
Senate Bill 61 offers new opportunities for business trusts Over the years, common law trusts have been to preserve and protect property due to their flexibility. However, as the common law underpinning trusts is slowly becoming outdated, 15 states, including Delaware, have codified business trusts in their business entity statutes. Through Senate Bill 61, effective July 1, … [Read more...] about A Trustworthy Investment Option