In this week’s edition of the Small Business Series we are discussing the advantaged of forming a Limited Liability Company (LLC). There are several advantages to forming an LLC under the Laws of Oklahoma, including but not limited to: Lawsuit Protection & Limited Liability When you form an LLC you create a separate legal person. This means that if the LLC is sued,…
Limited Partnerships
In this week’s edition of the Small Business Series we are discussing general and limited business partnerships. Title 54, of the Oklahoma Statutes Annotated, governs partnerships. Business partnerships can be either general or limited and exist as long as profits, losses and costs of a business are shared. Limited partnerships (LPs) have two sets of partners, namely one or more…
Small Business Series
Interested in starting a company? Here at Sansone Howell we can guide you through the various nuances and requirements to becoming an officially licensed business. Whether you are looking to form a limited partnership or reincorporate/reorganize a multi million dollar organization, we can help! Over the next few weeks we will be discussing the various types of entities that can…