Category: Blog Post

A few weeks ago, a prospective client called me and asked about converting his LLC to an S corporation.  I am frequently asked what an S corporation is, and whether that is a business entity a small business owner can choose to form.  In today's Freedom Friday blog, I am going to...

Occasionally I get an inquiry from someone wanting to start a business and the question is something along the lines of, “Is an LLC required to start a business doing such and such?”  Often times the person will want to start a business, but they don't necessarily have the finances in place...

A while back in the Freedom Friday blog, I wrote a blog article called, “Five Steps to Forming an LLC in Oklahoma.”  Recently I was asked by a prospective client about forming a PLLC in Oklahoma.  What is a PLLC and how is it different than an LLC? The...

One of the challenges that small businesses face are lease agreements.  Whether it is negotiating a commercial lease agreement for office space, or the small business itself is in the business of leasing residential or commercial properties, handling a lease is a key real estate issue that many small businesses deal with...

In the old days, it was customary to take your car in for a tune-up.  A tune-up is an out-dated way of replacing key parts so that the ignition and fuel systems of the vehicle will reach optimal performance and efficiency.  Today's remaining “tune-up” services include new spark plugs and replacing the...

As an attorney who represents small business owners, much of my work is keeping my clients out of court.  I would rather assist a client with preventative measures, so that my client does not need to sue, or get sued in court.  However, many small businesses do end up in court.  Suits...

In last week's Freedom Friday blog, I discussed how to determine the difference between hiring an employee and an independent contractor.  If you have made the decision to hire an independent contractor, congratulations!  That's just the first step in the process.  Every independent contractor needs an agreement, especially if the independent contractor...

If you're a small business owner, when you first start out, it's going to just be you.  However, after you have a period of sustained growth, it may be time to hire some help.  Whether you need someone part-time or full-time, and how much you would pay a new hire are business...

Since Liberty Legal Solutions, LLC, opened for business in June 2019, we've kept track of the different kinds of inquiries we've received for different types of legal work.  Interestingly enough, the number one inquiry we've received is, “What about nonprofits?  Can you help me form one?”  The answer to that question is...

An important issue in forming a limited liability company (LLC) is should your LLC be member-managed or manager-managed.  So, what does member-managed vs. manager-managed mean? First of all, the owners of an LLC are called “members.”  In the “Freedom Friday” blog, you will often see the term “single-member LLC.” ...

If you're starting a small business, and you have more than one business owner, you need to have a buy-sell (or buyout) agreement as part of your operating agreement if you're an LLC, or a part of your bylaws if you're a corporation.  Also, if you have an existing business, you should...

If you're starting a small business in Oklahoma, whether you're forming a limited liability company (LLC), a corporation, or even a non-profit entity, Oklahoma state law requires you to list a registered service agent with the Oklahoma Secretary of State.  This is an important part of the business formation process. So,...