Nevada Supreme Court Reviews LLC Claims

©  Neal A. Klegerman In an unpublished order (not regarded as precedent), JB Carter Props. II, LLC v. Gashtili, 2015 Nev. Unpub. LEXIS 935 (Nev.  July 24, 2015), the Nevada Supreme Court reviewed what was apparently a dispute among members of a Nevada LLC. The Court initially describes the matter as involving a Read More >

Nevada Supreme Court Reviews Partnership Dissolution

©  Neal A. Klegerman In an unpublished order (not regarded as precedent), Ali v. Arif, 2015 Nev. Unpub. LEXIS 928 (Nev. July 23, 2015), the Nevada Supreme Court addressed the dissolution of Nevada general partnerships. The case involved two Nevada general partnerships which owned two motel businesses. To resolve Read More >

TILA-RESPA Integrated Disclosure Rule Effective 8/15/15

©  Allen D. Emmel The Consumer Financial Protection Bureau’s (the “CFPB”) final rule – “Integrated Mortgage Disclosures under the Real Estate Settlement Procedures Act (Regulation X) and the Truth-in-Lending Act (Regulation Z)” (the “Integrated Disclosure Rule”) (78 FR 7973, Dec. 31, 2013) – integrates existing Read More >

Nevada Supreme Court Addresses Check Forgery

©  Neal A. Klegerman The Nevada Supreme Court recently addressed issues surrounding check forgery.  C. Nicholas Pereos, Ltd. v. Bank of Am., N.A., 131 Nev. Adv. Rep. 44 (Nev. 2015) Section 4-406 of the UCC governs the relationship between a bank and its customer. A bank that sends or makes available to a Read More >

Non-Competition Agreements in Sale Of Nevada LLCs

Courtesy of Emmel & Klegerman PC (ekcounsel.com) © Neal A. Klegerman In Excellence Cmty. Mgmt., LLC v. Gilmore, 131 Nev. Adv. Rep 38 (Nev. 2015) decided June 25, 2015, the Nevada Supreme Court addressed the enforceability  of an employee non-competition agreement  after the sale of a 100% of the membership Read More >

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State Business License Fee For NV Professional Corporations

© Neal A. Klegerman Nevada Senate Bill 483 enacted a number of increases to business taxes and fees including a “commerce tax” on the gross revenues of certain Nevada businesses. This article focuses only on the state business license fee which had been $200 annually for all Nevada entities.  For some reason the Read More >

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Anomaly In Nevada D&O Liability Cases Explained

Anomaly In Nevada D&O Liability Cases Explained LIABILITY RISKS TO NEVADA OFFICERS AND DIRECTORS POSED BY RECENT CASES; ANALYSIS AND RECOMMENDATIONS © Neal A. Klegerman   Introduction The Nevada corporate statute, NRS 78.138(7), provides officers and directors protection from monetary liability for Read More >