by Davis Business Law | Feb 6, 2025 | Blog, Business Law, Oklahoma Business Law
What is a Series LLC? A Series LLC is a special type of limited liability company structure that allows one main LLC to contain multiple internal divisions, each called a series. These series operate like separate LLCs with their own assets and liabilities. This setup...
by Torro | Sep 9, 2021 | Blog, Business Contracts, Kansas Business Law, Oklahoma Business Law, Texas Business Law
A valid contract legally binds the parties in the contract to certain duties under the agreement. First and foremost, the parties have a duty to perform their obligations in good faith according to the terms of the contract. As long as they do so, there is no problem....
by Torro | Mar 8, 2021 | Cannabis Law, Kansas Business Law, Legal Mistakes, Legally Protected Business, Medical Cannabis, Oklahoma Business Law, OMMA
Since America’s adoption of legal cannabis, there has been much confusion for those pioneering this expanding industry. Pioneering such an industry is a lot like an Indiana Jones movie. What I mean by that is that you’re on a rewarding path full of booby traps...
by Torro | Nov 30, 2020 | Blog, Corporate Governance, Corporate Status, Kansas Business Law, Limited Liability, Oklahoma Business Law
When it comes to creating a business from the ground up, the list of decisions that you will have to make can seem overwhelming. One of the biggest decisions you can make starting out is to decide if your business will be an LLC or a corporation. In today’s post, we...
by Torro | Jan 23, 2020 | Art of Preventing Stupid, Blog, Kansas Business Law, Legally Protected Business, Oklahoma Business Law
An Apple a Day For Your Business Problems “I know it when I see it,” said Potter Stewart in the court case Jacobellis v. Ohio speaking of obscenity. This is a bunch of bunk. Seeing doesn’t mean seeing. After all, the saying “If it was a snake it would have bitten...
by Torro | Jan 2, 2020 | Blog, Dispute Resolution, Kansas Business Law, Legal Mistakes, Legally Protected Business, Oklahoma Business Law, Strong Protected Business Program
Legal Mistake #8: Are You Protected From the Government? I have a two-and-a-half-inch thick book of transportation regulations sitting on the window ledge behind my desk. I pull it out about once a week to look up something. As I do, I shake my head and say, “We...
