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).
If an independent contractor decides to form an LLC, the owner can elect to treat the company as a sole proprietorship or a corporation for tax purposes. A corporation is a separate tax-paying entity and is typically required to obtain a federal tax ID number.