Entries for 'Gina Madsen'

The Nevada Secretary of State has contracted with a technology company to create a $4.5 million online portal that offers "one-stop shopping" to the business community.  When complete, this website promises to allow companies to conduct nearly all state and local government business through the Secretary of State's site (www.nvsos.gov).  Currently, to open a business in Las Vegas, one must contact several different offices located all o...

[Read the rest of this article...]

 With the credit crisis, rolling over a 401(k) to fund a startup business is becoming an attractive option.  However, with anything that seems like a good idea involving the terms "tax-free" or "tax-deferred," the IRS is swooping in to make sure they're not missing out on any taxable revenue.   The proper procedure requires the entrepreneur to create a new entity with its own 401(k) plan and roll over existing 401(k) funds into ...

[Read the rest of this article...]

By popular demand, here is the checklist for starting a business in Las Vegas, Henderson, North Las Vegas, Boulder City and Clark County. 1.  Choose a name. Start with my article Naming Your Business.  Make sure no one else has it.  When you've chosen a name, move on to step 2. 2.  Figure out your business address. Whether you use your home address, a virtual office, or an actual office, you'll need a business address for ...

[Read the rest of this article...]

Many businesses are familiar with the method of reporting payments to independent contractors to the IRS.  Request a W-9 form from the contractor, keep track of how much you pay them, and any contractor who receives more than $600 in a year gets a 1099-MISC form from the company.  Easy, right? Now imagine you have to apply that $600/year threshold to everyone you pay, including vendors, suppliers, and service providers.  Ridiculou...

[Read the rest of this article...]

I recently attended one of my favorite networking events, the CEO-CFO Group.  The room is filled largely by other people who serve the same clients I do and every time I enter the room, I hug and shake hands with a bunch of people with whom I've developed relationships over the course of the last year and a half.   As I stood chatting with someone I hadn't seen in a few weeks, I was buzzed by a BCC - a business card collector. ...

[Read the rest of this article...]

When naming your business, it's important to check the public records to be sure there isn't any other business already using the name.   I received a call today from a client who wanted to use the plural version of a name already in use for the exact same business.  In support of his using the name, he said that the city business license bureau was willing to issue him a license.  Licensing bureaus are only too happy to take you...

[Read the rest of this article...]

After suffering for years with the dough-in-the-can and graduating to the dough-in-the-bag from the store, I finally decided to put my cherry red KitchenAid 90th Anniversary stand mixer to work on pizza dough.  It came out absolutely delicious, fluffy and crispy, and it was much easier than I thought it would be.  And so I share... Pizza Dough Recipe: 1 package active dry yeast (if you have the Costco-sized bag of yeast, use 2 1/4 tsp...

[Read the rest of this article...]

A new client will often present me with a thick file folder full of e-mails, faxes, letters, receipts, and handwritten notes, all in disarray.  One of the most time-consuming yet unproductive tasks I undertake is getting this kind of file into some logical order.  As the client, you know far more about the situation than your lawyer does or probably ever will.  The best way to help your lawyer understand all the nuance is to organi...

[Read the rest of this article...]