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Las Vegas Business Law Attorney

Businesses face a lot of complex legal issues. Even the act of starting a business can involve lots of red tape. That is why it is important to ensure that you have trusted legal counsel in your corner to help your business get off the ground and to maintain its continued success in the years to come. From filing taxes to forming business partnerships, there’s a lot going on that may be challenging to address by yourself. Thankfully, you have the right to hire a Las Vegas business law attorney.

At the Las Vegas law offices of Ken R. Ashworth & Associates, our lawyers have been serving the Southern Nevada business community for more than 30 years. To find out how we can help serve your business interests, contact us online, or call 702-893-9500 to schedule an initial consultation. Navigating Nevada’s legal system is known for being complicated for both individuals and businesses, but we’re committed to helping you through the process.

Las Vegas Business Law Attorney

What Do Business Attorneys Do?

While this can differ among companies, business attorneys primarily help businesses, rather than corporations, with various legal matters they may be dealing with. Their job is to work through the problems, find adequate solutions, and resolve the problems effectively. Any legal aspect of your business can be handled by a business attorney, and it is highly recommended you speak with one as soon as a legal incident comes up.

Many Las Vegas businesses forgo hiring a lawyer for a wide range of reasons, mainly financial. However, hiring a lawyer to help you avoid legal penalties or complications may benefit your business for several years to come, which is why they’re highly recommended.

We Handle a Wide Range of Legal Matters Faced by Businesses

Businesses face plenty of legal issues daily, and business attorneys are often called in to help their clients address their issues. For example, if your business needs to create and review contracts, an attorney can help you determine if your contracts are legal and can be fully understood by employees. Our attorneys provide a variety of legal services to area businesses, including the following aspects of business law.

Business Partnership Agreements

Nevada has a reputation for providing significant tax breaks to its businesses. As a result, people often choose to form partnerships and incorporate within the state. Our deep roots within the community means that we understand the challenges that can occur when forming a partnership, and we understand how to get things done as efficiently as possible.

Business attorneys can review and create documentation related to the terms of the agreement, articles of incorporation, non-disclosure agreements, and more. Business partnerships can be difficult to address precisely, but we’re prepared to assist your business with whatever it requires.

Business Valuation

You may be trying to accurately value your business, yet you may run into problems calculating every relevant aspect. When it comes to determining a business’s value, an accountant can be more useful than an attorney. We combine our legal knowledge with our CPA’s perspective, meaning that there is no business valuation for which we are unprepared.

No matter if you need help with business valuation stemming from your balance sheets, value statements, or general ledgers, we can help you determine your business valuation while you focus on your current tasks.

Business Formation

Establishing your business in the first place requires more steps than aspiring business owners first realize. If you’re looking to form a business in Nevada, such as an LLC, you’ll want to speak with a business attorney first to ensure you’re going through the required steps properly.

We help businesses of all types and sizes determine the type of entity that will help them best meet their business goals. The type of business entity you choose for your company’s structure has a significant impact on several aspects of your business, including payment of taxes; protection from personal liability; the company’s day-to-day operations; and, the business formalities required to maintain the legal entity. Our Nevada business attorneys draft comprehensive organization documents designed to give your business the strong, solid foundation it needs to succeed.

Dissolution, Mergers & Business Restructuring

In addition to entity formation, we can also handle business dissolution, mergers, and business restructuring. A business evolves over time. To be successful, you may need to take your company in a different direction. Our Nevada business lawyers assist business owners as they consider taking their company in a new direction.

We provide an experienced evaluation of the legal issues and matters related to a potential merger, restructure, or dissolution that could result in potential risks and liability for the owners and the company. Our lawyers carefully customize and tailor supporting documentation, contracts, memoranda, and agreements to ensure the protection of company interests during every phase of the transition.

Draft Business Contracts

Businesses of all sizes and types need comprehensive contracts and agreements to protect their interests and reduce the risk of liability. It can save time and money for your company to have forms, agreements, and contracts that are ready to use and designed for your company. Examples of contracts and agreements our lawyers draft to protect business interests include employment contracts, buy-sell agreements, nondisclosure agreements, non-compete agreements, leases, purchase agreements, service contracts, subcontractor agreements, licensing contracts, warranty, indemnity agreement, and many others.

Business Litigation

Business disputes are a common occurrence. Internal disputes involving employees, partners, shareholders, or investors or external disputes between the company and other parties can be a time-consuming, costly distraction. Our lawyers focus on effective, cost-efficient solutions to business disputes so that you can return your focus to growing a successful business.

There are several types of disputes your business could experience when you least expect them, including partnership splits, contract violations, misappropriation of funds, trademark infringement, violations of confidentiality, and more. No matter what type of business litigation problems you’re dealing with, we have the tools necessary to help your business resolve them.

Our attorneys are talented negotiators and skilled trial attorneys. We attempt to resolve matters through negotiation and mediation, but if a matter must be tried, we are aggressive and prepared to defend your company or pursue legal action to protect your company’s best interests.

Contract Negotiation

Drafting iron-clad, enforceable contracts and agreements are only one factor in protecting your business interests. Aggressive, experienced contract negotiation is the other factor.

Before we begin negotiating contracts and agreements between your company and another party, we carefully analyze both positions so that we can come to the table with a strong negotiating position. Our legal team reviews the matter with you to set your goals and discuss any terms that are a deal-killer. Our Nevada contract lawyers review the laws and regulations related to the terms of the contract and check for industry-specific issues that could impact the negotiations and terms.

When your company enters into a contract, the company is legally bound to the contract terms. Do not overlook the importance of having an experienced, skilled Nevada business law attorney at your side to ensure that the terms and conditions are as favorable to your company as possible.

Why Should I Hire a Business Attorney?

Your business is not required to hire an attorney to handle your legal matters, but it is highly advised you contact a business attorney if you have any legal disputes going on at your company.

As a business owner, you have several tasks going on at your workplace at once. When your store is busy, for instance, you’re likely dealing with customer requests, ensuring staff is performing their required actions, and more.

When you’re faced with legal matters on top of all of this, you may struggle to navigate these by yourself while maintaining your own business. For example, if you need to file certain paperwork, you may miss out on key details due to being busy, and you end up making your legal situation more complex.

Rather than risk submitting inaccurate information, you can instead hire a business attorney to support you. They can gather any evidence they need for you if there is a dispute, and they can review all of your documentation to ensure it is accurate. Business attorneys are knowledgeable in many types of business law matters, such as litigation, partnership disputes, and bankruptcy.

Las Vegas Business Law FAQs

Q: What Are the Rules for LLCs in Nevada?

A: There are specific criteria your LLC must meet to avoid legal complications. While your business in Nevada does not specify where you must reside, your LLC must have at least one member or manager, they must be at least 18 years old, and their names must be listed in the Articles of Organization. Also, the Articles of Organization must include a registered agent with a physical address in Nevada.

Q: How Much Does an LLC Cost Per Year in Nevada?

A: There is an initial cost to set up an LLC in Nevada, which is $425. After this first payment, you must then pay $350 annually in order to maintain your LLC status. Of this $350, $200 comes from the business license renewal fees, whereas the other $150 includes the annual reports. When filing for an LLC in the state, you must submit your payment alongside the Articles of Organization to be considered for an LLC.

Q: How Much Is a Business Lawyer in Nevada?

A: While no lawyer charges the same for their services, the average rate for hiring a business lawyer in Nevada is approximately $712 per hour. There’s no harm in asking your potential business lawyer ahead of time how much they charge for their services. In fact, knowing ahead of time how much you’ll be paying may benefit you long-term, and your lawyer may work with your business if you have a certain budget.

Q: What Do You Need to Own a Business in Nevada?

A: There are several steps you must take to officially own a business in Nevada. For example, you’ll need to choose the type of business you want to create, give it a name, find a location, and begin filing certain paperwork. This paperwork includes the Articles of Organization and business registry. Other tasks include opening a business bank account, obtaining permits and licenses, obtaining an employee identification number, and more.

Contact Us for All of Your Business and Legal Needs

Creating a business takes careful planning and accuracy when filing paperwork or creating contracts from scratch. These situations alone can be taxing for many business owners and individuals to work through, and some businesses risk losing an LLC title due to improperly following the required steps. You don’t have to take these risks, however, when you have a qualified and knowledgeable business lawyer on your side.

We are prepared to put our experience to work for your business. Contact us online or call 702-893-9500 to schedule an initial consultation to discuss your situation. We provide legal advice and support in all areas of business law to entrepreneurs, start-ups, family-owned business, small businesses, non-profit organizations, partnerships, and larger corporate entities. When you need business law attorneys in Southern Nevada, contact the law offices of Ken R. Ashworth & Associates.