If you’ve got a brilliant business idea or have a brilliant business already, there’s no time to waste when it comes to getting legal protection.
That’s what we do at Norwood.Law. If you have a beloved business in Oklahoma, we can defend you.
Small businesses in Oklahoma are defined as those with fewer than 500 employees. According to the U.S. Small Business Administration, small businesses account for over half of the employment in Oklahoma.
Business owners aren’t just running a business, they’re fueling the economy.
Any business of any size, Norwood.Law can do it all.
Get help
If creating a new business is making you feel overwhelmed, you may be trying to do too much.
Let Norwood.Law take the weight off your shoulders.
The Oklahoma Department of Commerce agrees that business operators should get help from an expert when they set things up:
“Due to the complexity of forming and operating a business, you may want to consult with financial and legal business advisors such as attorneys, accountants, and bankers before making any decisions or taking action.”
There’s a lot to consider for any entrepreneur or business owner, so don’t stop reading.
Where you choose to operate the business is just one consideration. Location will tell you if both state and local permits and licenses are required.
Protection
As you can see above, business law isn’t all we do at Norwood.Law.
Maybe you’ve been hurt by a corporation or wrongly accused. Maybe you’re fighting for child custody.
Let Joe take over so you can focus on what matters most.
Call for a consultation at 918-582-6464.
In addition to criminal law, Norwood.Law also practices personal injury, civil rights, family, business law, and more. Need help with a will, trust, or estate? Norwood.Law can do that, too.
Working for you
The Oklahoma Department of Commerce gives a glimpse at the exhaustive work we’d be doing for you.
For example, we’d have to determine the type of business that’s best for you. Sole Proprietorship? Limited Liability Company?
You don’t have to know everything about what these mean. We’ll know for you.
We’ll have to register your business with the state. LLC? Non-profit? We’ll solve it.
We’ll need to get you a federal tax ID number.
We could even get you certified as a woman-owned business.
What does that do?
It could give you an added advantage when competing for contracts in the public and private sectors. The business must be over 50% owned by one or more women.
We win
For years, Norwood.Law has been winning for clients.
We’ve won for the wrongfully convicted. We’ve won against foreign product manufacturers. We’ve won against banking interests and insurance companies.
Our wins are the evidence.
So if you need help setting up a business or your business is facing trouble, we have your back.
Vision
You’ll need a business plan, too. Among other things, a good business plan can boost the trust investors have in your business.
Will you use a traditional business plan or a lean-startup plan?
If you go with a traditional business plan, you’ll write an executive summary that describes what you’re selling and your mission statement.
Then you’ll want to describe your strengths and competitive advantages. And you’ll want to state the problem that your business is seeking to solve.
The Oklahoma Department of Commerce calls a business plan:
“ … a dynamic and necessary roadmap for your business. This plan outlines the main purpose and value proposition of the business, its structure, financing and competitive advantages.”
For your business plan, you’ll also want to obtain or conduct any market analysis you can to determine with greater certainty what competitors are doing.
Says the commerce department:
“Your goal is to convince the reader that your business is stable and will be a financial success. If your business is already established, include income statements, balance sheets, and cash flow statements for the last three to five years. … Provide a prospective financial outlook for the next five years.”
License
The state of Oklahoma does not require a general license for operating a business. But below are some of the occupations and businesses that could require special permits and licenses:
- Pawn shops | Must obtain a license from the Oklahoma Department of Consumer Credit.
- Pools and baths | Approval from the Oklahoma State Department of Health is necessary for bathing facilities and swimming pools.
- Out-of-state contractors | Must register with the Oklahoma Tax Commission.
- Air, heating, plumbing, and electrical | Licenses from the Oklahoma Construction Industries Board.
- Massage therapists | Licensed through the Oklahoma State Board of Cosmetology.
No license
On the other hand, many businesses and industries in Oklahoma DON’T require a special license from the state of Oklahoma:
- Tax services, bookkeeping, and accounting
- Repair services for cars and engines
- Auctioneer services
- Repairing and installing windows and doors
- Gutter installation and repair
- Cleaning and power-washing services
Stop worrying
These are just some of the barriers we can help you and your business overcome.
But if all of this sounds overwhelming, stop worrying. Let Norwood.Law help you navigate the government’s requirements for opening a new business in Oklahoma.
Let’s make your dreams of entrepreneurship come true and stay true.
Joseph M. Norwood is a Tulsa attorney with the courtroom expertise you need. Contact his office at 918-582-6464.
By G.W. Schulz