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If you are a business owner in Oklahoma, then you know that keeping track of your finances is essential. A general ledger can be a great way to achieve that. Understanding a general ledger A general ledger is a record of all financial transactions that take place...
Assets retained inside of a decedent's estate may be subject to Oklahoma probate laws. The probate process either verifies the decedent's will or decides how property should be distributed if that person died intestate. If a valid will is presented to a probate judge,...
Planning for the distribution of your estate in Oklahoma should not be a one-time deal. There are many things that your estate can best prepare for by making a regular series of updates. This will keep your estate from being locked into an arrangement that will...
Estate planning in Oklahoma comes with peculiar emotional and relational aspects. It can be a difficult topic to discuss with your family. That is why only 33% of Americans have an estate plan. When you decide to create yours, here are some of the essential documents...
Managing a business includes recording entries in an accounting journal. Accounts and general ledgers are used to record all types of financial transactions. Any professional in Oklahoma can maintain a journal with basic knowledge of how the accounting process works....
Selling a business requires the perspectives of the buyer and the seller in Oklahoma. Both sides need certain due diligence procedures to get the deal done. Buyers usually prefer asset deals as an asset purchase transaction or as a purchase of their ownership...
Trusts can be very effective financial tools for diverting assets to another individual or for a specific purpose such as providing cash flow for a foundation. They can be either revocable or irrevocable as well, which means that revocable trust assets can be...
Working diligently at a job in Oklahoma can help you accumulate several assets. When this occurs and you have children, you'll likely want to pass on your inheritance. Unfortunately, your wishes may not be fully met if you only use a will. Creating a trust can be a...
If you're looking to start a business in Oklahoma, an LLC might be one of the best business structures to choose. This is because it offers sufficient flexibility and protection for the owners. However, to get the most out of your LLC, you need to have an operating...
Oklahoma is ranked the fourth most affordable place to live in the U.S., and companies have a probability of over 80% startup survival in their first year. This can be a lucrative state to start a business. But before you invest your money, you should know the right...