Nevada’s business economy runs on the Strip and on the warehouses outside Reno. Hospitality vendors, restaurants, event and production companies, and northern Nevada distribution operators share one profile: very large customers, slow payment, and no cushion. Nevada businesses learned in 2020 precisely what a fixed daily debit does when revenue goes to zero overnight.
Nevada has no commercial financing disclosure statute and imposes no meaningful rate ceiling on commercial credit, which is part of why so much of this industry maintains a Nevada presence. Nevada does make a charging order the exclusive remedy against a judgment debtor’s LLC interest under NRS 86.401, which limits how far a creditor holding only a personal judgment can reach into the company. That protection is worth very little when the same person signed for the entity as well.
Nevada’s homestead exemption is among the largest in the country at over $600,000 under NRS 115.010, but it is not automatic. Nevada requires a recorded declaration of homestead, and owners who never filed one have nothing to assert. Recording after a judgment is entered is generally too late to help against that creditor.
General information about the legal terrain in Nevada, not legal advice about your situation. Exemption amounts and procedures change, and outcomes turn on your specific documents. Have counsel read your actual agreements.
They work Nevada files the way they work all fifty states: attorney-coordinated negotiation with the funder, wherever your contract says the fight happens. Daily debits addressed first, nothing owed until a settlement exists, and a straight answer on the free call if settlement is the wrong tool for you.
Ranks 5 through 9 are consumer-debt firms. Good at personal balances, wrong tool for a funder. Compare all nine →
Yes, and this is the single most expensive thing Nevada owners get wrong. The exemption is over $600,000, which is excellent, and it does nothing for you until a declaration is recorded with the county recorder. Filing it after a creditor has a judgment generally will not help against that creditor.
Against a creditor holding only a personal judgment against you, NRS 86.401 limits them to a charging order on distributions. In a typical MCA that is cold comfort, because the funder holds a claim against the entity as well as the guarantee and has a UCC-1 on the company’s receivables. It helps at the margins, not at the center.
Same statutes, different courts and different creditors. These pages cover what changes once you get local.
State rules decide how fast this moves. Your contract decides how much leverage you have. A free call covers both, and costs nothing whether or not you hire anyone.