Last year, business owners across Nevada were facing a serious challenge to employee compensation in the form of changes to the overtime rule. As it stands now, overtime is required for any employee working over 40 hours but provides an exemption for executive, administrative or professional employees. The law is part of the Fair Labor Standards Act and the Department of Labor … [Read more...] about The Axe that Never Fell: Overtime Rule Permanently Invalidated
Archives for October 2017
Nevada Strong: The Impact Of The Armed Forces In The Silver State
The U.S. Armed Forces are doing work in Nevada that’s critical to the defense and security of the nation and the state — training pilots, testing drones, fighting overseas remotely, storing munitions and helping battle fires, to name a handful. The numerous installations throughout the Silver State — those of the National Guard, Air Force, Navy, and Army — contribute to the … [Read more...] about Nevada Strong: The Impact Of The Armed Forces In The Silver State
The Full Focus: Economic Development in Nevada
In 2012, The Silver State released “Moving Nevada Forward: A Plan for Excellence in Economic Development,” a three-year roadmap for continuing to advance from post-recession doldrums and a 12 percent unemployment rate toward “a vibrant, innovative statewide economy,” Gov. Brian Sandoval wrote in the document. Since the plan was released, Nevada’s leadership and … [Read more...] about The Full Focus: Economic Development in Nevada
Financial Foundations: Funding Commercial Real Estate in Nevada
Nevada’s commercial real estate industry is growing again. New projects are underway, both sales of existing buildings and those under construction. “We’re definitely seeing a large increase in our loan volume over the last several months,” said Debra Alexandre, president, Nevada State Development Corp. “It’s looking much better than it has since the recovery began. We’re … [Read more...] about Financial Foundations: Funding Commercial Real Estate in Nevada
First Independent Bank: Build on Our Innovative Services
First Independent Bank is ready to help you purchase, refinance or improve your real estate property for your business or investment portfolio. STRATEGIC EXPERTISE First Independent Bank’s real estate lending groups deliver real estate developers and investors financing expertise to help a wide range of business property types including: office, industrial, retail, … [Read more...] about First Independent Bank: Build on Our Innovative Services
Industry Focus: Education
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
Bank of Nevada: Business Builders
Bank of Nevada is ready to help you purchase, refinance or improve your real estate property for your business or investment portfolio. STRATEGIC EXPERTISE Bank of Nevada’s real estate lending groups deliver real estate developers and investors financing expertise to help a wide range of business property types including: office, industrial, retail, residential, hospitality … [Read more...] about Bank of Nevada: Business Builders
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?