Oklahoma City Business Planning Attorneys

Offering Essential Business Planning Services

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

Starting a business in Oklahoma? Reach out to our Oklahoma City business planning lawyers for legal counsel today! Call (405) 896-3615 or contact us online today!

The Secret to Business Success When Starting a Business in Oklahoma

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.

What Is Liability Protection?

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.

Need help setting up an LLC in Oklahoma? Give us a call at (405) 896-3615 or contact us online to begin planning for your business today! We serve clients in Edmond & Oklahoma City.