Business Law

The Corporate Transparency Act (CTA) aims to curb illicit activities like money laundering and terrorism financing. As a business owner, it's crucial to understand and comply with the CTA. Understanding the Corporate Transparency Act The CTA requires companies to...

The Corporate Transparency Act is a new law that requires certain businesses to disclose their beneficial ownership information to the U.S. government. This act aims to prevent money laundering, tax evasion and other illicit activities by increasing transparency in...

When starting a business in Oklahoma, choosing the right structure is important for your company's success. One popular option is forming a Limited Liability Company. An LLC is a flexible business structure that offers benefits like protection from personal liability...

When starting a business, choosing the right structure is important for various reasons, including taxes. The structure you choose can significantly impact how much you pay in taxes and how you report your income. Sole proprietorship In February 2024, 436,358...

The Corporate Transparency Act became effective on January 1, 2024. Yet many people are still unaware of how it changes financial and reporting obligations for specific business owners. If you run a company, it is important to understand how this law might impact your...

When running a business in Oklahoma, encountering a breach of contract is a serious issue that requires immediate attention. Contracts are essential for various business transactions, and when one party fails to fulfill its obligations, it can disrupt business...

Launching a small business in Oklahoma is an exciting venture. You want to have every chance of success. Incorporating your new company offers numerous advantages and can contribute to its long-term stability and growth. Enhanced credibility and professionalism The...

In 2021, the U.S. Small Business Administration reported over 362,000 small businesses were operating in Oklahoma. A common formation for small businesses is a partnership. When running a business with a partner, it is important to plan for all eventualities,...

The Oklahoma Department of Commerce reported 29 29 new companies in the state with 77 existing businesses planning expansions in 2022. With business booming, you may feel it is the right time to start your own company. Before you can begin the process, you will have...

The goal of a business acquisition is typically to expand operations and generate revenue. A specific acquisition may occur because the business doing the purchasing wants to obtain a manufacturing facility, specific talent employed by a competitor and/or intellectual...