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An LLC is a separate legal entity from its owners (called members) and, if formed and operated properly, provides the members with liability protection from most liabilities created by the operation of the LLC.
An Oklahoma LLC is formed by filing a document called Articles of Organization with the Oklahoma Secretary of State and paying the required filing fee (currently $100.00).
Keep the following guidance in mind to lessen the risk that you could lose the liability protection of your LLC.
While often overlooked by many businesses, strategic management of legal risks is essential to the long-term health and sustainability of a business.
So, a lien claimant has filed a Mechanics and Materialmen’s lien claim and you are supposed to close on the property in a week. What do you do?
Forced pooling is a procedure established by the Oklahoma legislature in 1945 to facilitate and simplify the exploration for oil and gas in the state.
