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Waiver of Oklahoma Tax Penalties and Interest

The Oklahoma Tax Commission (“OTC”) imposes tax penalties and interest on delinquent taxes. Interest accrues at 1.25% per month from the date of tax delinquency until paid in full. In addition, a tax penalty of at least 10% shall be added. If the OTC...

Differences between an S Corp. and LLC

Both an S Corporation and Limited Liability Company provide owners personal asset protection and pass thru tax treatment, but there are differences between the entity types to consider before making your decision. S Corporation Rigid structure Bylaws Shareholder...