Legal Question in Business Law in Oklahoma
Incorporation?
What does this protect you from...... My wife and i have purchased a business and we want to make sure that we really protect our selves and don't hurt our person lives. Please advise me........
2 Answers from Attorneys
Re: Incorporation?
By law, a corporation is looked upon as a separate entity or separate person. As such, it protects you from personal liability and it offers other protection. By incorporation your business and no comingling your financial affairs with your business, you will not be held liable in many situations that would otherwise affect you and your personal assets. I incorporate businesses and will set-up it up for you if you would like. I will also provide other guidance. Either way, I would recommend a corporation or an LLC.
Re: Incorporation?
This is the most complicated entity to start but it is the most beneficial when seeking protection. We will be glad to set up your corporation in accordance with OKLAHOMA STATUTE 18.
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