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Construction Contract Series – Important Legal Provisions – Jurisdiction & Venue

Construction Contract Series – Important Legal Provisions – Jurisdiction & Venue What is a Jurisdiction and Venue Clause in a Construction Contract?  Below is a basic jurisdiction and venue clause:  THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE...

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...