By Alex Lubyansky Managing Partner Last updated
Acquisition Stars advises buyers and sellers on due diligence attorney matters across Nevada.
Serving 1 market across Nevada.
Request Engagement AssessmentAcquisition 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.
Share your transaction stage, the help you need and any relevant deadline to request an engagement assessment.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Acquisition Stars represents clients in each of the following markets. Click any city to learn about acquisition due diligence law services in that area.
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.
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.
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.
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)
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
Acquisition Stars handles M&A transactions for Nevada clients and works with securities counsel on securities matters. Alex Lubyansky leads every M&A engagement.
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.
Share your transaction stage, the help you need and any relevant deadline.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Before you go
Talk through your transaction with Alex Lubyansky at no cost. Submit your transaction details and the team will confirm next steps.
Request Your Free ConsultationOr call (248) 266-2790