Due Diligence Attorney in Nevada

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Acquisition Stars advises buyers and sellers on due diligence attorney matters across Nevada.

Serving 1 market across Nevada.

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Due Diligence Attorney Practice in Nevada

Acquisition Stars advises buyers and sellers on due diligence attorney matters across Nevada. Alex Lubyansky leads every engagement, and has been M&A counsel since 2013 across transactions of varying complexity, from lower-middle-market deals to multi-party structures.

Nevada Transaction Considerations

  • Nevada has no corporate or personal income tax, making it a preferred jurisdiction for structuring holding companies and acquisition entities
  • Nevada requires the consent of the other spouse to sell or encumber the assets or goodwill of a business both spouses help manage, under Nev. Rev. Stat. 123.230(6), and both spouses must join to convey community real property
  • Nevada Gaming Commission and Gaming Control Board approval is required for any change of control of gaming-licensed entities, with extensive background investigations of new owners

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Please do not include confidential information in this form. Submitting this form does not by itself create an attorney-client relationship. Privacy Policy

Due Diligence Attorney Service Areas in Nevada

Acquisition Stars represents clients in each of the following markets. Click any city to learn about acquisition due diligence law services in that area.

Nevada Legal Framework for Acquisition Due Diligence Law

Non-Compete Agreements

Employee covenants in the target's contracts may be unenforceable in this state, which changes the workforce risk assessment.

Enforceable with restrictions for low-wage workers. Blue-pencil available.

Enforceable under NRS 613.195 if reasonable. Nevada courts blue-pencil overbroad restrictions. The statute requires that non-competes be supported by valuable consideration. In 2021, Nevada enacted restrictions (SB 47) prohibiting non-competes for hourly employees or employees paid at or below a specified compensation level. Non-competes arising from the sale of a business are given broader latitude.

Tax Considerations

Unpaid state taxes follow the assets in many states, so state tax filings and clearance sit high in the diligence scope.

Nevada has no corporate income tax, no personal income tax, and no franchise tax. The state imposes a Commerce Tax (0.051%-0.331%) on gross revenue exceeding $4 million, varying by industry. As a community property state, Nevada requires the consent of the other spouse to sell or encumber the assets or goodwill of a business both spouses help manage, and both spouses must join to convey community real property, under Nev. Rev. Stat. 123.230(6). Nevada's favorable tax profile makes it attractive for entity structuring.

Filing Requirements

Entity good standing and required filings are checked so closing deliverables are known before signing.

Entity mergers and conversions must be filed with the Nevada Secretary of State. Bulk sales compliance requires 45-day advance creditor notice. Annual lists (reports) are required with relatively high filing fees. Business licenses are required from the Nevada Secretary of State.

The federal framework for a due diligence review

  • Legal due diligence starts with a request list tailored to the target's business, covering corporate records, material contracts, employment and benefit plans, intellectual property, litigation, and liens. A data room organizes what the target produces so the review can be tracked against the request list and gaps can be flagged before they become closing surprises.
  • Material contracts get checked for assignment and change of control clauses, because a contract that requires the counterparty's consent to assign can delay or derail a closing if it surfaces late. Employment and benefits review looks at classification, plan compliance, and any liability that could transfer with the business. IP review confirms the seller actually owns what it is selling.
  • Findings do not stay in a report. They feed directly into the representations, the indemnification structure, and the disclosure schedules of the definitive agreement, so the diligence-to-drafting handoff has to happen while there is still time to actually negotiate around what the diligence process found before signatures are due.

Premerger notification thresholds

Some acquisitions require notifying the FTC and the Department of Justice before closing under the Hart-Scott-Rodino Act's premerger notification program, which applies above an annually adjusted size-of-transaction threshold. Diligence should confirm early in the process whether a deal falls above that threshold, because the required waiting period directly affects the closing calendar.

Sources: 15 U.S.C. 18a(a)

Workforce notice obligations

Employment diligence should flag whether the transaction, or a workforce change the buyer plans after closing, could trigger advance notice requirements under the WARN Act for a qualifying plant closing or mass layoff. The notice obligation runs on a calendar the deal timeline has to accommodate, not the other way around.

Sources: Worker Adjustment and Retraining Notification (WARN) Act

Diligence focus for a due diligence review

  • Material contract assignment and change of control consent requirements
  • Employee classification, benefit plan compliance, and transferring liability exposure
  • Intellectual property chain of title and ownership confirmation
  • Litigation, judgment, and lien search across every relevant jurisdiction
  • Timing of findings against the drafting deadline for the definitive agreement

Other M&A and Securities Services in Nevada

Acquisition Stars handles M&A transactions for Nevada clients and works with securities counsel on securities matters. Alex Lubyansky leads every M&A engagement.

Ready to Discuss Your Nevada Deal?

Alex Lubyansky leads every acquisition due diligence law engagement, with an associate supporting the work.

M&A counsel since 2013. Nationwide practice. LOI through closing.

Request Engagement Assessment

Share your transaction stage, the help you need and any relevant deadline.

Please do not include confidential information in this form. Submitting this form does not by itself create an attorney-client relationship. Privacy Policy