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Creating an operating agreement for your LLC

As an entrepreneur, you know how hard you must work to bring your business to a point where it is profitable and sustainable. There are many challenges associated with owning and operating a small business, but there are specific things you can do that will help set...

The 3 most fundamental elements of a valid business contract

Contracts are the lifeblood of the business world. They secure commercial transactions and provide the framework within which companies operate. While contracts can vary greatly in complexity and scope, all valid business contracts share three fundamental elements....

Choosing the right structure is important for your business

Starting a new business is an exciting step for many who have long dreamed of being entrepreneurs. For you, your company may have started with a simple idea, and now you are ready to face the future and begin taking the necessary steps to take your idea to the world....

Areas to address in a partnership agreement 

Whether you work in the oil and gas industry or another industry entirely, you may decide that you want to start a business partnership. Rather than launching the company on your own, you’re going to partner with someone else so that this is a joint venture. You do...

The importance of clarity in contracts

Well-written contracts are crucial in business. Yet sometimes, one party intentionally tries to make the wording hard to understand. That could come back to haunt them if there is a later dispute over an alleged breach of the contract. It can also make a dispute more...

The details of an LLC operating agreement

You may have the dream of starting a new business and working for yourself. Being an entrepreneur is the dream of many, but it is not always easy to succeed in this endeavor. There is much more involved with starting a company than only having a good idea and...

Joint venture agreement negotiation

Whether in Oklahoma or Texas, entrepreneurs try to minimize risk and maximize the potential for their business's success. Negotiating a joint venture agreement is a critical step in establishing the terms and conditions of a partnership between two or more entities....

The role of due diligence in mergers and acquisitions in Texas

When two businesses in Texas decide to combine forces and move forward as one, they have to consider multiple factors specific to each entity to ensure success. This is where due diligence comes in. Understanding due diligence Due diligence is the process of...

Options for resolving business disputes

Running a business can be a stressful and unpredictable endeavor. Therefore, it's not surprising that conflicts occur between partners even if they generally have a good relationship. Fortunately, Oklahoma and Texas law provide various options for those who need to...

is an LLC arrangement right for you?

Opening a business in Oklahoma leaves you open to a great many options. One of them will be to structure your new company as a Limited Liability Corporation (LLC). This is an arrangement that has a great many features to recommend it. If you are looking for more...

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