10. AB 207
Clarification of fiduciary duties
of Managers in LLCS
There is now a legislative
basis for piercing the veil of a
Nevada LLC, thus allowing for
personal liability for the
actions/inactions of the
business
A mixed bag
of changes to
corporations
and LLC's
THE GOOD THE BAD
Allows that business entities
may select that claims
regarding management of the
company will be brought in
Nevada
11. How
should
your
business
respond?
Make sure your Operating
Agreement is revised to take
advantage of the benefits of
the fiduciary duty changes;
Update your Corporate
documents to make sure
Nevada is your forum for
disputes; and
Make sure your understand
how to protect yourself
against personal liability for
the actions / inactions of
your LLC
12. AB 347
If the business becomes
delinquent with the State of
Nevada, it may be reinstated
by only paying 25% of the
delinquent fees and
agreeing to pay the balance
over a year.
LOCAL
EMERGING
SMALL BUSINESS
13. SB 497
Unless you have to pay the
Commerce Tax (meaning
you have at least $4MM in
gross revenue), you no
longer need to file a
Commerce Tax Return.
Commerce
Tax Filing
16. AB 132
It is unlawful for any
employer in this State to fail
or refuse to hire a
prospective employee
submitted to a screening
test and the results of the
screening indicate the
presence of marijuana.
Pre-Employment
Discrimination
17.
18. There are
several,
but the
best one
to use is...
That such a positive
drug test, in the
determination of the
employer, could
adversely affect the
safety of others.
19. Make sure your handbook
states how safety is directly
required for employees.
Create defined job descriptions
that set forth the safety
components for particular jobs.
20.
21. Starting July 1,
2020, and
increasing through
2024, minimum
wage will increase
to $11/$12 per hour
July 1, 2020 -- from
$7.25/$8.25 to $8.00/$9.00
per hour
Elimination of exceptions
for sales people on
commission, babysitters,
and domestic service
employees
If you fail to pay properly,
not only does the
employee get to recover
lost wages, but attorney's
fees as well.
23. If there are
accusations of
your business
discriminating
on the basis of
sex
THE NEVADA EQUAL RIGHTS
COMMISSION WILL DETERMINE - NOT A
JUDGE OR JURY - IF YOU HAVE ENGAGED
IN DISCRIMINATORY BEHAVIOR;
THE NEVADA EQUAL RIGHTS
COMMISSION CAN ORDER YOU TO PAY
LOST WAGES AND OTHER ECONOMIC
DAMAGES TO THE EMPLOYEE(S);
THE NEVADA EQUAL RIGHTS
COMMISSION CAN FINE YOU UP TO
$15,000 (IF YOU HAVE 50 EMPLOYEES OR
MORE).
24. How to protect
your business.
Review your
compensation
structure and hiring
practices.
Maintain records
concerning hiring
and compensation.
DO NOT MAKE ANY
DECISIONS BASED
ON SEX... or any other
protected class.
25.
26. SB 312
creates a
mandate for
employers
to provide
paid time off
for their
employees
50 or more employees;
0.01923 hours for each hour worked;
A calculation for salaried
employees;
Employee is eligible one he/she has
worked 90 hours;
Carries over year to year, but it can
be capped at 40 hrs / year;
Can mandate that employee takes
at least 4 hours time;
Maintain records of hours accrued
and used for at least 1 year
For the first 2 years of operation, an
employer doesn't need to offer.
27.
28. For most of the issues affecting
employers, Regulations are still
being written to show how these
new laws will be implemented.
30. Legislative
Committe of
the
Henderson
Chamber of
Commerce
A COMMITTEE OF PEOPLE
COMMITTED TO ADVOCATING
ON BEHALF OF OF THE SMALL
BUSINESSES IN NEVADA.;
REVIEWS AND TRACKS
NUMEROUS BILLS - OVER 90
THIS SESSION;
SUBMITTED WRITTEN POSITION
STATEMENTS;
TESTIFIED ON AND AGAINST
BILLS;
MET WITH LEGISLATORS
PRIVATELY AND PUBLICLY.
