17 Apr 2017
Each and every day, in a multitude of ways, we all negotiate. Whether you are negotiating with your spouse, your child, your coworker or on a multimillion dollar contract, your mind goes through similar processes. Ultimately, you want a specific reaction or response and you have to engage in give-and-take to achieve it. Oftentimes, you do not get precisely what you want, but ideally you get the result with which you can live.
The Attorney/Client Privilege is one of the oldest, most respected and important privileges. The underlying purpose is to ensure that clients receive accurate and competent legal advice by encouraging full disclosure to their attorney without fear that the information will be revealed to others. It is often misunderstood and clients frequently have questions about what they can share with their attorney.
When you formed your business, you may have contemplated what type of business entity to choose. You likely considered sole proprietorship, partnership, corporation or limited liability company (LLC). Each entity has certain advantages and some disadvantages. Generally, to protect yourself from personal liability, the two best alternatives are either a corporation or a limited liability company.
If you have a Nevada Limited Liability Company (“Nevada LLC”) and you have worked with me in the past, you know I believe it is vital for you to have an Operating Agreement. An Operating Agreement, although not legally required for a Nevada LLC, can set forth the rights and responsibilities of the Members of the Nevada LLC. It can spell out how you add additional Members; how you sell Membership Interests; and in the case of a business divorce, it serves as a prenuptial agreement.