While it can be an exciting time for Nevada residents when they are getting ready to start a new business, such a time is also fraught with risk, including legal risks. Any entrepreneur would likely tell our readers that getting off to the right start is crucial for a new business. The right start includes taking the right steps in the formation of the business.
Not only will businesspeople in Nevada need to decide the actual legal structure of the company, such as incorporating or going it as a sole proprietor, but also these individuals will need to think about the obstacles they might encounter right out of the gate. Will the company leave room for expansion in the future, possibly with a merger or acquisition of another company? Will the business execute a lease for the real estate its needs to operate; or, buy real estate outright?
These issues, among many others, can trip up a company in Nevada if the people who are making the key decisions do not know to be on the lookout for legal peril. Sure, owners want to jump right in and start cranking out a profit with the business idea, but they will need to make sure that their interests — and the company’s interests — are protected.
At our law firm, we do our best to help business leaders who are trying to get off to the right start. Business formation can be complicated, but we are here to help. For more information, please visit the business law overview section of our law firm’s website.