Family businesses often thrive for generations, yet approximately 70% fail to transition successfully to the second generation—not due to market conditions, but because of inadequate succession planning. A carefully structured plan is essential to maintaining business stability, protecting family relationships,…
As an estate planning and business law firm with significant experience serving Broken Arrow property owners with real estate law issues, we understand that commercial real estate represents more than just an investment – it's a legacy built through years…
You've poured your heart and soul into your business. You may have big plans of selling your business to a key employee when you’re ready to retire or transitioning leadership seamlessly to one of your children over time. But have…
If you own a business or are involved in a business, there's a crucial new law you need to know about: the Corporate Transparency Act (CTA). This legislation, aimed at combating money laundering and other financial crimes, has far-reaching implications…
In theory, a limited liability company (LLC) can last in perpetuity. However, the owners of an LLC should plan for the day when they are no longer there to run their business. This includes not only situations like retirement or…
Divorce is rarely simple. When two people’s lives are intertwined—physically, emotionally, and legally—separating the individual strands can be a task akin to untying the Gordian knot. The longer a couple has been together and the more they share, the more…
Bankruptcy may be one of the last things on your mind when you are creating an estate plan. Fortunately, the number of bankruptcy filings has declined as the economy has improved, but there were still a whopping 433,658 bankruptcy filings…
Estate plans can be as unique as the individuals and families they are created to protect. Do not assume that you need the same type of will or trust option that your parents or friends chose. Instead, work with your…
Why a Buy-Sell Agreement Is a Critical Piece of a Business Owner's Estate Plan By Brittany L. Littleton According to a recent survey, nearly two out of three adults have not implemented an estate plan to provide for their loved…
Corporations are required to have a board of directors, which is selected by the shareholders. The board of directors helps govern the corporation, provides advice and counsel, conducts high-level management, elects officers, votes on key decisions, and protects shareholders’ interests.…