What is a Limited Liability Company (LLC) and why would I need one?
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.
Organizing An LLC: First Steps
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).
Limited Liability Company Quick Tips
Keep the following guidance in mind to lessen the risk that you could lose the liability protection of your LLC.
7 Common Legal Risks Faced by Businesses
While often overlooked by many businesses, strategic management of legal risks is essential to the long-term health and sustainability of a business.
LLC or Corporation: The Tax Perspective
One of the common questions from new business owners is, “should I form a limited liability company (LLC) or a corporation?”
Employee or Independent Contractor?
The main difference between an employee and an independent contractor is the control of the work process.
Asset Protection and the Oklahoma Series LLC
Asset protection is the use of available laws and techniques to (1) protect assets from liabilities arising outside of the assets being protected (“outside-in” protection), and (2) contain liabilities generated by an asset within the asset itself (“inside-out” protection).
Oklahoma Mechanics and Materialmen Liens
Oklahoma law grants a lien (referred to as a “Mechanics and Materialmen Lien” or “M&M Lien”) to any person or company who performs labor or furnishes materials or equipment as part of work to improve privately-owned real property (or its improvements). This is true only so long as the materials or equipment are supplied under […]