On behalf of Aldrich Law Firm, Ltd. | Aug 1, 2019 | Business Formation And Planning
Entrepreneurs in Nevada and around the country are usually energetic and enthusiastic individuals, but their eagerness to get a project off the ground quickly can sometimes be their undoing. Launching a new commercial venture without a solid plan increases the chances...
On behalf of Aldrich Law Firm, Ltd. | Jul 3, 2019 | Business Formation And Planning
Entrepreneurs in Nevada may consider using a limited liability company, or an LLC, to be the entity under which they operate their business. An LLC is a type of business structure that is defined by state statutes, which can vary from state to state.The majority of...
On behalf of Aldrich Law Firm, Ltd. | Jun 24, 2019 | Business Formation And Planning
Entrepreneurs in Nevada and elsewhere will need to know where they will get the capital needed to operate their companies. One option is to fund operations with a credit card in the owner’s name. Ideally, the credit card will be used to buy materials or other...
On behalf of Aldrich Law Firm, Ltd. | May 16, 2019 | Business Formation And Planning
There are many reasons why Nevada business owners would want to sell their companies. For instance, an owner may have no one to pass it on to or may simply want to liquidate the company for a profit. To ensure that the sale process goes smoothly, it is important to...
On behalf of Aldrich Law Firm, Ltd. | May 9, 2019 | Business Formation And Planning
Startups need operating capital to remain solvent. To secure funding, entrepreneurs often turn to angel investors or venture capitalists. However, such funding usually requires entrepreneurs to give up a substantial portion of their company’s equity in exchange...
On behalf of Aldrich Law Firm, Ltd. | Mar 27, 2019 | Business Formation And Planning
In early 2019, a company called Meta was unable to continue funding research into creating an augmented reality product. Therefore, it was unable to continue operations despite once being valued at close to $250 million. If such a large company can fail, Nevada...
On behalf of Aldrich Law Firm, Ltd. | Mar 5, 2019 | Business Formation And Planning
Mergers and acquisitions can be powerful strategic tools for Nevada businesses looking to access a larger market share. Therefore, it should come as no surprise that many U.S. corporations bought up companies over the past year, setting one of the highest records for...
On behalf of Aldrich Law Firm, Ltd. | Feb 19, 2019 | Business Formation And Planning
Business owners of Nevada might be surprised to learn that even though family-owned businesses are responsible for hiring about 60 percent of the American working population, about 70 percent of these same businesses don’t make it past a single generation....
On behalf of Aldrich Law Firm, Ltd. | Feb 11, 2019 | Business Formation And Planning
For a startup to be successful in Nevada or any other market, it needs to have a product that meets the needs of its target customer. It will also need to survive in the face of possible legal or regulatory changes. Ideally, a company will begin by first examining the...
On behalf of Aldrich Law Firm, Ltd. | Jan 23, 2019 | Business Formation And Planning
A business succession plan can be the key to maintaining company profits and growth after the original owner steps down. The issue for many Nevada ventures, though, is that their owners fail to prepare for the next generation. It can be emotionally difficult to take...
