Oklahoma City Business Planning Attorneys
Business Planning Is Essential
Small business are the very backbone of this country. But, today’s business world is fraught with perils. Without proper planning and guidance, your business could become just another statistic – a failure. Our attorneys can get your new company started off correctly by organizing your LLC or corporation. Already have a business? We can help you with everything from contract drafting, employer-employee issues, sales, mergers and acquisitions, and many other services.
Contact our Oklahoma City business planning lawyers for legal counsel today!
The Secret to Business Success
Starting a company in Oklahoma is surprisingly easy – you just open your doors and go to work. It’s as simple as that, but doing it right and ensuring long-term success is a different matter. There is a reason that most small businesses fail so frequently. Most new small business owners and even veteran business owners make the same mistakes.
But, it’s not inevitable that your business will die. It’s possible and even likely that it will do more than just survive, it will flourish, but only if you know the secrets to success in business.
Here is the secret to your business success:
- Have a plan.
- Have a team.
- Have perseverance.
Your business plan will list your goals and your method for achieving them. One of the most critical steps in your plan is addressing your legal needs from the very beginning. These legal needs include, among many other factors, forming the right kind of business entity, and doing it the right way (see below, Your Business is Born).
What You Will Need to Succeed
Many small business owners fail to understand, until it’s too late, that they almost certainly cannot start and run their business alone. Every business owner needs a team. At a minimum, one needs an attorney, an accountant, and an insurance agent. Sometimes, other professionals will be on the team too, such as a banker, a financial planner, a realtor, etc.
The one other key ingredient for business success comes from deep inside the owner: Perseverance. Business owners that absolutely refuse to give up are the ones that most often find success.
At McBride & Associates, we can help you with your business plan, form your entity, and help you implement your plan. We will work with the other members of your team to solve problems and plan for the future. Our attorneys may not provide your perseverance – only you can do that – but we certainly can encourage you in effective and meaningful ways!
Our Oklahoma City business law attorneys can help you with:
- Forming your company the right way from the start.
- Setting up a Limited Liability Company (LLC) or corporation.
- Train you and your staff to properly use your new LLC or corporation.
- Draft or review leases or other contracts.
- Mergers and acquisitions (selling, merging, or buying a company).
- Employee manuals.
- Many other business matters.
Your Company Is “Born”
Sadly, some new business owners believe that they cannot afford to pay for forming a new LLC or corporation. Doing so is crucially important, failing to do so is almost inviting disaster. If you do not have the funds set aside to pay for these services, then you simply are not ready to start business.
While it is legally possible to form your own entity – that is, set up your own LLC or Corporation – very few know how to do so correctly. Frequently, a new business owner will do nothing more than register his or her company with the Oklahoma Secretary of State. They then wrongly assume that this is all that is necessary.
Nothing could be further from the truth. Starting a new company in Oklahoma is deceptively easy. You want to start a new company? Easy, just open your doors and go to work. The law doesn’t require anything for you to do so. Some companies may require specific licensing if their business area is regulated. But generally, if you want to start a new business, you can easily do so.
The problem is that if you choose to have an LLC or a corporation (a WISE choice!), you cannot just register it with the state, pay a small fee, and forget about it. Registration of the new entity is the easy part, yet it is just not enough to adequately protect you in the future. Remember, the primary reason for forming an LLC or Corporation is to obtain liability protection.
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Liability protection means shielding your personal assets from your company’s creditors – such as a vendor or a customer that sues you. If you do not use your new entity the right way, the registration step was a waste of time and money. It would be much like having a seat belt in your car, but never putting it on while driving!
The first step in creating your new company is visiting with your team – particularly your attorney to create the new legal entity. Only a licensed attorney can form your company for you. This is because, even filling out forms or registering the company on a website is considered practicing law – something that only attorneys are permitted to do.
Your Company “Grows Up”
Your company will have many needs throughout its “life.” The legal needs will include contract drafting and reviews, filing and defending lawsuits, dealing with government agencies, employees, insurance, tax issues, etc.
The attorneys at McBride & Associates are skilled and experienced in all of these areas. We have, not years, but decades of training and experience. We stay abreast of the latest and most effective techniques used on the ever-changing business landscape.
We work daily with a wide range of other professionals, particularly accountants, financial advisers, insurance agents, and even other attorneys, that each have unique skills to help the business owner. Our goal is to work as a team to drive your business to higher levels of accomplishment and success.
As your business grows and prospers, you don’t stop working towards those higher levels, and neither will we.
Your Company Gets “Married”
Successful business often get “married” in a sense – they buy other companies, or get bought themselves. Attorneys call this area of the law mergers & acquisitions. Whether it is spinning off a new business enterprise, bringing in new partners, or separating from current partners, the Oklahoma City business planning attorneys at McBride & Associates can help.
Good mergers & acquisitions attorneys move carefully, but not too slowly. They are aggressive, but not contentious. They listen to, and accommodate, the wishes of their clients, but will not allow that client to put him or herself at risk.
When you only have one chance to get it right, you need the right team – our team. No matter where your company is in its “life,” whether small or large, whether successful or struggling, McBride & Associates can help.
Before you take another step in your business give us a call and schedule a free initial consultation and learn what our firm can do for you.