For instance, if you're paying $5,000 in rent, and your place costs $1 million, you should think about buying after 11 years. But if you're only paying $700 a month for a place that costs $175,000, you'll pretty much never be better off buying. Those stats are just for the basic calculator.
Oklahoma LLC Requirements. After forming a limited liability company (LLC), you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability an LLC provides its owner(s).
Operating agreements and articles of incorporation are both legally significant. For articles, they are a legal requirement for corporations and exist as a public record to identify the company. Operating agreements are legally binding in the event legal matters arise between business owners. When an operating agreement is in place, courts will respect its provisions and allow the owners of the LLC to make formal decisions concerning the company. Related Reading: Examples of LLC Articles of Incorporation.