This is part of an interview between Brian Morris and Jeffrey Gronich of The Office of Jeffrey Gronich. With business closures and lay-offs happening due to the coronavirus, we want to talk about employment law because that’s one of the main questions that I’m getting. Although we handle business law here at Morris Law Center, and do deal with some employment related matters, I’ve brought in an employment law expert, Jeff Gronich to help sort through some of these questions.
What is a Series LLC? In Nevada a series limited liability company, or series LLC, is a form of a limited liability company that provides liability protection across multiple “series” each of which is theoretically protected from liability arising from the other series. For both a traditional LLC and a series LLC, the total cost to renew each year is about $600 including registered agent fees, etc… This is where the advantage comes in. For example, in a traditional LLC, it wo
A Series LLC is a type of business entity in Nevada. Not all states have Series LLCs. Notably, Nevada’s neighbor, California does not recognize Series LLCs. Nevada is trying to attract businesses, so they have business friendly statutes which includes Series LLCs. Essentially a Series LLC is an entity that you form where there is a Master LLC (with nothing in it) that holds the Series. The Series can be described as mini LLCs. The simplest example is if you’re a real est
It’s hard out there for small businesses these days. Especially for new pop-up coffee shops. How can they expect to compete with coffee moguls like Starbucks? Well, here’s one idea: don’t compete. Why not use what already works? That was the idea behind “Dumb Starbucks” — a small coffee shop that opened its doors for business in 2014. Their model was simple: use the exact same logo and branding as Starbucks so people would walk in thinking it was just another branch of the we