[When] the members’ relationship turned bitter .... shortcomings in the operating agreement also contributed significantly to the parties’ legal postures and willingness to risk litigation.... I’m not suggesting that every lawyer-drafted LLC agreement is a model of perfection, but I found ... that a standard form operating agreement being sold online by a major company to the unknowing public as a more affordable alternative to using a lawyer ... suffer[ed] from such a fundamental flaw that, in the end, only intensified the parties’ legal conflict.
Thursday, June 25, 2015
Friday, June 19, 2015
The tax package that was enacted to balance the state budget also makes "temporary" increases in the sale tax and payroll taxes permanent.
Nevada does not have a state-level corporate tax.
For new incorporations, it may be possible to avoid the increased fee by selecting an LLC instead.
Sunday, September 15, 2013
Saturday, August 24, 2013
[who] is being sued by the state’s Attorney General over security deposit violations says his lease is to blame.... In a news interview, he explains that he found the form lease on a realtors’ website, and did not realize that the security deposit provisions in the form contradicted current security deposit laws in North Carolina.
Other landlords can learn from the mistake. When using online rental forms, be sure to choose forms from a source that has both state-specific and up-to-date forms. One problem with using forms from websites is the difficulty in determining whether the law has changed since the form was posted.
It’s always a good idea to run the online form past an attorney before using it for the first time. That way, you catch any mistakes early on, before mass-producing the problem for every tenant.
The Attorney General says he will be seeking a $5,000 penalty against the landlord for each security deposit violation.
Saturday, January 12, 2013
Sunday, August 26, 2012
Sunday, August 12, 2012
These documents, along with the rest of your estate plan, should be reviewed at least every five years–more often if there is a change in the law, your finances or personal circumstances. The following important developments may require action on your part.