Gary Quinnett, Attorney
10005 N May Ave, Suite 120, Oklahoma City, OK 73120
Phone: (405) 607-2266 | Fax: 1-866-728-0676
Email: gary@gq-law.com
Except in the middle of a battlefield, nowhere must men coordinate the movement of other men and all materials in the midst of such chaos and with such limited certainty of present facts and future occurrences as in a huge construction project . . . even the most painstaking planning frequently turns out to be [...]
The Oklahoma homestead law protects your primary residence from the forced sale by creditors. Our lawmakers consider the family home a cherished possession. As such, a creditor (one to whom you owe money) cannot force its sale unless to satisfy a mortgage, mechanic’s lien, or unpaid taxes. A creditor can, however, file a judgment lien [...]
Assume you are approached by a landman who wants to lease your 80 mineral acres. As far as you know, your place has never been under lease, but you understand that your neighbor is receiving handsome checks since a well was drilled on his place. That oil and gas lease will remain in full force [...]
While at my favorite Italian restaurant last week, I was asked “how do I avoid being sued?” The short answer: you don’t. Things happen. While it is impossible to prevent lawsuits, you can avoid losses by using sound asset protection strategies. Consider Sam, who is the managing member of a successful oil and gas company [...]
Perform a background search before you sign a real estate contract. You can also get help from https://exprealty.com/us/ms/brandon/houses/ experts to check for legal properties. The search is intended to spot any obvious problems before you spend money and time on the matter. Check the Oklahoma Secretary of State records. If the Seller is a business [...]
Most think of escrow in the sense of purchasing a home: you deposit earnest money with the title company; that money is held in escrow while you inspect the home; and at closing, the purchase price of the home is reduced by the sum held in escrow. Yet, escrow has other benefits in today’s world. [...]
Suppose that you plan to get re-married, and in order to keep your assets separate from your significant other you set up a revocable living trust, naming yourself as trustee and sole beneficiary. Three years later, a neighbor trips on your door step, breaks his leg, and wins a lawsuit against you. Can the neighbor [...]
As with a corporation, all owners of an LLC enjoy limited personal liability. That means that being a member of an LLC doesn’t normally expose you to legal liability for business debts and court judgments against the business. Generally, if you become an LLC member, you risk only your share of capital paid into the [...]
A savvy creditor should understand the nature and availability of remedies if a debtor defaults. Such knowledge is especially important to unsecured creditors, since the options upon default are relatively few and frequently unsatisfactory-why? More often than not, the only remedy available to the unsecured creditor is to file a lawsuit, proceed to judgment (an [...]
When you organize your business as a corporation, there are certain record keeping requirements you must adhere to.