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The Academy Loves Nevada Corporate Law!

The incognoscenti may not know it, but today is Nevada Day. On this date in 1864, Nevada joined the Union and helped support the reelection of Abraham Lincoln and the Thirteenth Amendment. Delaware did not – it joined New...more

10/31/2014 - Business Formation Corporations Code

Are Proper Names In A Language?

My last name is Bishop. In Spanish, it would be Obispo. If I included Obispo in a corporate name, would that be acceptable to the Secretary of State?...more

5/21/2014 - Business Formation English-Only Rules Secretary of State

Nevada’s New Business Portal Collects $100 Million In State Revenue

A little over a year ago, I wrote about the Nevada Secretary of State’s launch of Silverflume. This innovative internet website aims to be a “one stop” portal that consolidates and coordinates the information needed to start...more

1/28/2014 - Business Formation Department of Revenue Small Business Formation Websites

Secretary Of State Changes Forms And Procedures For LLC Filings

Novelty does not mean better. With the change from 2013 to 2014, California repealed, albeit unconstitutionally, the Beverly-Killea Limited Liability Company Act (former California Corporations Code sections 17000 – 17657),...more

1/6/2014 - Business Formation Choice of Entity

When Incorporating, Stay Off The “Highway of Sorrow” For There May Be No Turning Back

As an erstwhile player of the five-string banjo, I’m a big fan of Bluegrass music. One of my favorite songs is the rueful “Highway of Sorrow” as performed by the great flat pick guitar player Doc Watson. The song includes...more

8/26/2013 - Business Formation Choice of Entity Incorporation

The Diminishing Privacy Of Private Corporations

In 2000, what was then known as the General Accounting Office (now, the Government Accounting Office) warned of possible money laundering by Russian entities using U.S. corporations. The report was addressed to Senator Carl...more

7/30/2013 - Business Formation GAO Money Laundering Privately Held Corporations

“Great Caesar’s Ghost!” SOS Battles Backlog With 3 x 5 Cards

As part of the state budge process, state agencies must appear and testify before legislative budget committees. I recall some stressful moments testifying on the Corporations Committee Budget before a budget committee...more

3/15/2013 - Business Formation State Budgets

Court Rules Law Firm That Drafted Documents Was Not A Seller Of Securities

Section 25400(d) of the California Corporations Code declares it unlawful for any broker-dealer or “other person selling or offering for sale” to make a false or misleading statement for the purpose of inducing the purchase...more

12/17/2012 - Brokers Business Formation Securities

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