C-Corporations (C-Corp)

In our final edition of the Small Business Series we are discussing C-Corporations (C-Corp).  In Oklahoma, you form an S-Corporation and a C-Corporation the exact same way. It isn’t until after you’ve already formed your company that you have to decide if you want to be categorized as an S-Corp or a C-Corp. The main different between a C-Corp and other business…

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S-Corporations (S-Corp)

In this week’s edition of the Small Business Series we are discussing S-Corporations (S-Corp).  You may be asking yourself, “What in the world is an S-Corporation?”  In a nutshell, an S-Corporation is a corporation with 75 or fewer shareholders, that has elected and qualified for a special tax status with the IRS.  To set up an S-Corp you do all…

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Limited Liability Company (LLC)

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,…

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