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.
Immediate Discharge of Mechanics and Materialmen’s Liens
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 in Oklahoma
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.
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).
An Overview of Litigation in Oklahoma State Court
Whether you filed a lawsuit as a plaintiff or have been served with a Summons and Petition, the litigation process can be intimidating and confusing.