The Oklahoma Bar Journal September 2023

policies in effect to avoid illegal, fraudulent or negligent acts by members and managers. CONCLUSION In summary, running a profes sional limited liability company law firm in Oklahoma requires careful annual attention to state and professional regulations. By following the best practices outlined above, you can preserve your professional limited liabil ity company status and mitigate potential legal and financial risks. Your law firm will be able to operate with confidence, fortified by a robust corporate governance framework that upholds the integ rity of your business structure. If you need help with any of these steps, consider consulting with an experienced attorney or financial professional well versed in work ing with the legal profession.

ABOUT THE AUTHOR

Natalie K. Leone manages the business formation and estate planning divisions of Rivas & Associates PLLC.

She lives in Broken Arrow with her three fabulous children, two rambunctious puppies and one sassy cat. She enjoys playing nerdy board games, doing overly ambitious home improvement projects and gliding around a ballroom dance floor. ENDNOTES 1. Oklahoma Statutes, Title 18, Section 2005.3. 2. Oklahoma Statutes, Title 18, Section 809, and Oklahoma Rules of Professional Conduct, Rule 5.5. 3. Mattingly Law Firm, P.C. v. Henson , 2020 OK Civ. App. 19. 4. Oklahoma Statutes, Title 18, Section 806.

Statements or opinions expressed in the Oklahoma Bar Journal are those of the authors and do not necessarily reflect those of the Oklahoma Bar Association, its officers, Board of Governors, Board of Editors or staff.

18 | SEPTEMBER 2023

THE OKLAHOMA BAR JOURNAL