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...
Responsive And Personalized Legal Counsel
Business Planning
What flaws could damage your LLC operating agreement?
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...
When is a business a successor company?
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...
The Key Steps in Writing a Business Plan
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...
What to consider before investing in commercial properties
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 basics when forming a new business
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...
How planning and execution lead to success in business
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...
A guide to business formations in Oklahoma
Oklahoma business law requires companies to have a valid formation document when registering with the state. It is important to review the various business forms available and be aware of the advantages and disadvantages each offers before making a decision on the...
How should you form a liability limited company in Oklahoma?
When starting a business in Oklahoma, one of the first things you'll need to do is choose the proper business structure. Several options are available, but one of the most popular is the limited liability company (LLC). What is a limited liability company? An LLC is a...
Preparing an LLC operating agreement in Oklahoma
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...