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Mahaffey & Gore, P.C.
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S corps can be advantageous
A Subchapter S corporation has two popular features. First, profits and losses pass through to the shareholders’ personal tax returns and are not taxed to the business itself. Second, an S corporation offers liability protection to its shareholders in the event the corporation is sued. Read this article to learn about IRS requirements for obtaining a Subchapter S corporation classification.

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Disputes between Oklahoma property owners over energy rights
The vertical division of ownership rights is common in Oklahoma. As more investors move into wind energy, disputes may arise with oil and gas producers who cannot access mineral rights.
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