Most people in Nevada who are involved in any type of real estate transaction usually hope that it goes smoothly. Unfortunately, the reality is that any time real estate changes hands, there is the potential for something to go wrong. Different factual scenarios in any given case can lead to disputes that may leave the parties facing off in a courtroom. The financial impact of such a situation can leave both parties worse off.
In a capitalist economy, individuals and businesses compete with each other. That is the nature of what makes our economy so great - the race to provide a better service or better goods and, as a result, become a profitable company. Unfortunately, sometimes the competition isn't always fair.
Although there are plenty of Nevada residents who have estate plans, there are probably more who do not. In some ways, it is understandable why an individual might not have an estate plan, but people often just don't understand how important it is to have one. And, of course, there are plenty of estate planning "myths" out there, which might be playing a role as well. But, are people in Nevada fooling themselves when it comes to estate planning issues?
When most Nevada residents think of a corporation, they are likely thinking of a C-corp. C-corps are corporate entities created to operate as a business, which protects shareholders from liability. There are pros and cons to starting a business as a C-corp, but, once the business is created, there are quite a few ongoing legal obligations that must be maintained.
In almost any real estate transaction, the primary document that is the focus of all parties involved is the purchase agreement. When this agreement is signed, many of the varying aspects of the transaction are locked into place. As a result, any disputes about purchase agreements can be conflicts that are heavily focused on the details of the document - the wording and phrasing that will, in all likelihood, ultimately resolve the dispute.
You probably wouldn't be reading this article if you didn't already know that gold and silver mining is big business here in Nevada. Investing in a legitimate mine could provide you with substantial profits. Investing in an illegitimate mine could provide you with substantial losses.