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HOW DO CONTRACTORS GET PAID IN FULL FOR THEIR NEVADA CONSTRUCTION WORK?

Corporate Entities

Washoe County Business Court Appoints Receiver for Mismanaged Nevada Corporation

By Jerry Carter. At the request of Jerry Carter, Esq. and co-counsel Michael D. Smith, Esq., the Washoe County  Business Court recently entered an Order Appointing Receiver to protect the shareholders of a mismanaged Nevada corporation. The Order confirmed an arbitration award.  The Receiver is to take control of the corporation’s assets and make recommendations to the […]

Nevada Business Entity Filings Continue to Decline

By Jerry Carter.  The Nevada Secretary of State has released its Quarterly Economic & Business Activity Report for the third quarter of 2012.  Among the highlights: – 4,014 new Nevada corporations were created during the quarter, a decline of 4.1% from the prior quarter – 7,915 limited liability companies were created during the quarter, a decline […]

Take a Look at the Nevada Secretary of State’s New Online Business Portal

By Jerry Carter.  The Nevada Secretary of State recently launched a new online business portal, called SilverFlume.  It is advertised to be the first of its kind.  Using this portal, a company can obtain or renew a state business license, apply for a sales and use tax permit, register a new business, file articles of […]

Washoe County Business Court Issues Writ of Mandate Ordering Election of Directors

By Jerry Carter.  In an October 29, 2012 Writ of Mandate, the Washoe County Business Court ordered a Nevada corporation to hold an election of directors.  NRS 78.345 authorizes a district court to compel an election of directors of a Nevada corporation if a meeting of shareholders has not occurred within 18 months.  The Writ […]

Nevada Supreme Court States That Directly Harming a Nevada Corporation Subjects Nonresident Officers and Directors to Suit in Nevada

By Jerry Carter.  The Nevada Supreme Court handed down a significant opinion in Consipio Holding, BV v. Carlberg, 128 Nev. Adv. Op. No. 43 (Aug. 9, 2012) (“Consipio“), regarding the circumstances under which nonresident officers and directors of a Nevada corporation can be sued in Nevada for injuring the Nevada corporation.  The Nevada Supreme Court reaffirmed […]

4,186 Nevada Corporations and 8,910 Nevada Limited Liabilities Created Last Quarter

By Jerry Carter.  The Nevada Secretary of State has released its Quarterly Economic & Business Activity Report for the second quarter of 2012.  Among the highlights: – 4,186 new corporations were created during the second quarter. – 8,910 limited liability companies were created. – The unemployment rate was 11.9%.

Washoe County Business Court Exercises Personal Jurisdiction over a California Resident in a Dispute over Control of a Nevada Corporation

By Jerry Carter.  In an Order dated August 9, 2012, the Washoe County Business Court stated that it will decide a dispute regarding control of a Nevada corporation even though one of the parties to the dispute is a California resident.  Two primary factors influenced the Court’s decision.  First, the California resident is alleged to […]

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