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Effective on July 1, 2015, Nevada S.B. 483 imposes an annual commerce tax on business entities engaged in business in Nevada, whose ‘Nevada gross revenue’ in a taxable year exceeds $4,000,000.[1] For this purpose, the tax year is a static twelve-month period running from July...

There are some words with which a corporate director wants to avoid all association. One of those phrases is ‘red flag.’ She or he never wants to hear that there are red flags that a corporate officer should be paying attention to before going forward...

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