Business Law

Governor Kevin Stitt has continued his push towards a more business friendly Oklahoma. A large part of his plan involves establishing a specialized Business Court System in Oklahoma. This initiative aims to streamline the resolution of complex commercial disputes,...

The Corporate Transparency Act (CTA) was a law that required businesses to report their owners to the government. It was meant to stop illegal activities like money laundering. But now, the rules have changed. U.S. businesses no longer need to report On March 2, 2025,...

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,...