Improving education in the Silver State has long been a priority for Nevadans. Recently, leaders in education met at the Las Vegas office of City National Bank to discuss opportunities on the horizon to elevate Nevada’s education rankings. Connie Brennan, CEO, and publisher of Nevada Business Magazine served as moderator for the event. These monthly meetings are designed to … [Read more...] about Industry Focus: Education
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Legal Opinions 2017: Expert Knowledge for Nevada Businesses
Legal Opinions, a Nevada Business Magazine feature for the past six years, is a compilation of expert knowledge on a variety of topics. Written by attorneys, all of whom are highly educated on their featured topic, this special report is a one-stop resource for executives. Articles in the 2017 edition of Legal Opinions range from marijuana to litigation and provide … [Read more...] about Legal Opinions 2017: Expert Knowledge for Nevada Businesses
Cyber Challenges in the Gaming Industry: For the House to Win, It Can’t Gamble on Cybersecurity
With large troves of sensitive consumer financial data and more cash transactions per minute than some of the world’s largest banks, today’s gaming and casino institutions are ideal targets for cybercriminals seeking hefty payouts. Casinos also have to guard multiple points of entry, from on-site stores, restaurants, entertainment venues, ATMs and point-of-sale … [Read more...] about Cyber Challenges in the Gaming Industry: For the House to Win, It Can’t Gamble on Cybersecurity
A Busy Period For the Nevada Supreme Court
Business professionals often complain that the lack of case law in Nevada creates a climate of uncertainty for business decision-making. The Nevada Supreme Court has been working to change that and, in recent months, the Court was particularly productive, issuing numerous published opinions that affect Nevada’s businesses and the real estate market. Following … [Read more...] about A Busy Period For the Nevada Supreme Court
Administrative Law and Commerce: The Inevitable Yet Unpredictable Collision Between Business and the Regulatory State
As government grows so, too, does its so-called “fourth branch” made up of administrative agencies? In theory, these agencies are the law’s enforcers, tasked with implementing and executing legal commands. In practice, they do much more. They may also be the law’s creators, its interpreters, and its adjudicators – all at the same time. They speak first when … [Read more...] about Administrative Law and Commerce: The Inevitable Yet Unpredictable Collision Between Business and the Regulatory State
Protecting Purchasers in Commercial Property Transactions
Congratulations! Your company just bought a large commercial property to manufacture its widgets. Unfortunately, you just received a notice from the Nevada Division of Environmental Protection (NDEP) that the previous owner dumped its manufacturing chemicals down the drain. The pipes leaked and now the soil and groundwater are contaminated. The seller is out … [Read more...] about Protecting Purchasers in Commercial Property Transactions
Nevada’s Gaming Past Illuminates The Marijuana Industry’s Future
When the Nevada Legislature legalized gaming in 1931, the publisher of the Nevada State Journal called the act, “legalized liberality.” The small railroad stop of Las Vegas issued its first gaming license to a woman named, “Mayme Stocker.” A true pioneer, Ms. Stocker ran the Northern Club along Fremont Street, which had been operating in a gray legal area by … [Read more...] about Nevada’s Gaming Past Illuminates The Marijuana Industry’s Future
Business Succession Planning: Do It Now, Before It’s Too Late
According to the Small Business Administration, small businesses make up approximately 99.7 percent of U.S. employer firms. Of that number, approximately 78.5 percent of U.S. small businesses are non-employer (businesses without employees). More than 50 percent of all small business owners are 50 or older. Although small business owners usually understand the … [Read more...] about Business Succession Planning: Do It Now, Before It’s Too Late
Does the Management of Your LLC Owe a Duty to Act in the Interests of the LLC and the Members?
This is not a trick question, and the answer is – it depends. There are several advantages to using a Limited Liability Company (LLC) in Nevada. The Nevada Limited Liability Company Act affords owners (members) wide flexibility and freedom to decide how to operate and manage the entity. These are important decisions, usually made at the time the LLC is created. A … [Read more...] about Does the Management of Your LLC Owe a Duty to Act in the Interests of the LLC and the Members?
Telehealth: The Future is Now
Imagine that a radiologist who resides in Australia reads a CT scan of a patient brought to an emergency room in Ely after a car accident. The CT scan is transmitted with an artifact that results in an incorrect diagnosis by a neurosurgeon in India, which is conveyed to the ER physician. The fiber optic cable used was installed by a vendor with a principal place … [Read more...] about Telehealth: The Future is Now
Electronically Stored Information: The Business Litigation Boogeyman
Electronically stored information (ESI) is a necessary fact of life in business. Technological advances have created staggering volumes of information. While essential, ESI’s sheer magnitude has exponentially increased the cost of commercial litigation. Today, responding to a discovery request can be in the millions of dollars if several years’ worth of archived … [Read more...] about Electronically Stored Information: The Business Litigation Boogeyman
Dispute Resolution: Alternative Options
With the increased costs of litigation, companies are looking for alternative methods of dispute resolution. Alternative dispute resolution (ADR) has become an attractive option for many companies looking to avoid the time and costs typically associated with litigation. Depending on the type of issues being faced, ADR can provide a more effective way of … [Read more...] about Dispute Resolution: Alternative Options
Around the State: October 2017
Nevada Department of Transportation Receives Additional Federal Funding The Nevada Department of Transportation has announced $21.6 in additional federal highway spending authority. The funds have been made available for Nevada road projects through redistribution of Federal Highway Administration fiscal year-end funds. The additional monies will help fund projects throughout … [Read more...] about Around the State: October 2017
Taxpayers Already Said “No” Once Before
Much like government entitlement programs, it seems there is nothing more permanent in this world than a newly-enacted tax. However, soon, Nevada taxpayers might have an opportunity to create an exception to this rule. The Commerce Tax — the state’s ill-advised tax on gross-receipts — might finally be brought before the voters. Currently, signatures are being gathered to … [Read more...] about Taxpayers Already Said “No” Once Before
Welcome to Nevada: October 2017
High Desert Truss & Lumber Erickson Companies recently announced the opening of a home framing manufacturing plant, High Desert Truss & Lumber, in Reno. A construction services provider, Erickson has been serving the Reno market from a California location. Increased activity in Reno’s housing sector has prompted the construction of the new facility. Once fully … [Read more...] about Welcome to Nevada: October 2017