Nevada Supreme Court Affirms Protections to Members of a Nevada Limited Liability Company
[vc_row content_placement=”middle”][vc_column offset=”vc_col-md-11 vc_col-xs-12″][vc_column_text] Many entrepreneurs and investors often elect to set up fictitious companies such as corporations or limited liability companies because of the many protections that such entities afford. For example, the law generally recognizes that a fictitious company, like a limited liability company (“LLC”), is distinct and separate from the individual members […]
Recent Supreme Court of Nevada has implications beyond the issues that existed in the case
In Holcomb Condominium v. Stewart Venture, 129 Nev. Adv. Op. 18 (2013), the Court addressed an issue wherein the statute of limitations for a warranty claim against a builder may be reduced. In the specific facts of the case, the statute at issue NRS 116.4116 provides that a 6 year statute of limitation exists for […]