Business Planning

Starting a new business involves many decisions. One of the most important choices is the structure of your business. Different structures have different tax implications. Understanding these can help small business owners make informed decisions and avoid surprises...

Business succession planning is crucial for Oklahoma entrepreneurs. It helps secure the future of their companies after they step down. This approach uses simple steps to transfer ownership when someone retires, dies, or leaves for other reasons. Importance of...

Starting a business with one or more partners can be exciting and rewarding. However, this venture requires careful planning and clear agreements to ensure success. Effective partnership formation and management involve several key steps and considerations. Types of...

Business law changes frequently, sometimes adding more business structures to the existing roster of types that you can form in the state of Oklahoma. A recent addition is the limited liability limited partnership. An LLLP provides the owners of the company with...

Your new LLC could be a profitable business for years to come, provided that events do not cause the company to fall apart. Sometimes problems arise because founders of an LLC create an operating agreement with serious defects. In the drafting stages of an operating...

Not all businesses in Oklahoma start completely from scratch. It is possible you had created a business at some point but had to close it down. However, you might consider creating a second business called a successor company. Sometimes a successor company succeeds...

A business plan serves to describe a company’s road map when it comes to the operational and financial aspects of the business. Oklahoma companies that are only just starting out do this, while those that have been around for a while also put together business plans...

Investing in commercial real estate may enable you to diversify your portfolio while also positioning yourself for returns that may outperform the stock market. Of course, buying a Tulsa office building or shares of a real estate investment trust does come with risk....

Business development encompasses everything from marketing and sales to strategy and product development. It involves identifying potential opportunities, developing them into products or services, and launching them in the market for ultimate profitability. In...

Hundreds of Oklahoma residents start new businesses every year. Unfortunately, almost half of these endeavors will close within five years of opening. Planning and execution strategies are essential for long-term success. The power of planning Most entrepreneurial...