For those opening or owning a business, understanding the pros and cons of forming an LLC, or limited liability company, for the business, is essential. To help small businesses understand all the implications of operating as an LLC in Nevada, University of Nevada, Reno Extension will hold two online town halls, on March 17 for English speakers, and March 24 for Spanish speakers. In addition to experts from Extension and the Small Business Administration, Kevin Johnson, attorney with Cohen Johnson Parker Edwards, will be a special guest on the panel.
“Kevin is going to talk about the characteristics of a Nevada LLC and the points to consider when deciding if you need an LLC for your business,” said Buddy Borden, economic development specialist with Extension’s Business Development Program. “LLCs can help reduce some risks for business owners, and certainly during uncertain times like these, it’s good for business owners to understand what it means to operate their business as an LLC.”
In addition to the online town halls, Extension will also offer two free webinars late in March, an English-language session focusing on livestreaming for business on March 19, and a Spanish-language session on cash flow, income, expenses and taxes on March 26.
Extension has been offering a series of online town halls and webinars for small businesses, “Coping With COVID-19,” since April 2020, to help entrepreneurs and businesses plan strategically, adapt and succeed. Details on sessions for the next two weeks are as follows:
The town hall, “Do I Need an LLC for My Business,” is at 9 a.m., Wednesday, March 17, for English speakers; and at 9 a.m., Wednesday, March 24 for Spanish speakers. Panelists include:
- Kevin Johnson, attorney with Cohen Johnson Parker Edwards
- From the Small Business Administration – Alfredo Cedeno Jr., outreach and marketing specialist
- From Extension – Reyna Mendez and Juan Salas, business development instructors; and Mike Bindrup, research associate
The English-language webinar, “Livestreaming for Business,” is Friday, March 19, at 9 a.m. Mendez will discuss:
- The importance of livestreaming for a business
- Creating a script prior to going live
- Types of live streaming
- Useful tips to go live effectively: light, connectivity and sound
The Spanish-language webinar, “Cash Flow, Income, Expenses and Taxes,” will be held Friday, March 26, at 9 a.m. Salas will discuss:
- The sections of a Cash Flow statement
- The importance and limitations of the Cash Flow statement
- How to plan for tax compliance events, and how they will affect cash flow and profits
- How to address problem-solving situations in Cash Flow analysis
Both the town halls and the webinars usually run about an hour. To register:
- The March 17, 9 a.m., English-language town hall.
- The March 19, 9 a.m., English-language webinar.
- The March 24, 9 a.m., Spanish-language town hall.
- The March 26, 9 a.m., Spanish-language webinar.
Persons in need of special accommodations or assistance should call at least three days prior to the scheduled event. For more information, go to the Extension Business Development Program website. There are also other resources at the website to assist businesses during the COVID-19 crisis. For more information, email Borden.