Royal Tapp & Clemko, PLLC

Individual

We know taxes can be overwhelming and confusing. Let us do the heavy lifting for you. RTC Law is your expert for all your individual IRS needs, including comprehensive tax preparation, delinquent return preparation, innocent spouse claims, thorough audit representation, and more.

Corporate

Whether your corporation is small, medium or large, RTC Law is skilled and highly knowledgeable at IRS tax law for all corporations. We are well-versed on all matters involving corporate tax law and can take care of all your corporate tax needs from start to finish.

Partnership

When forming a partnership, it is crucial that you choose the best legal structure for your business, as changing it later can be difficult. RTC Law is an expert at helping you determine the legal structure for your partnership and managing all the legal and compliance details that follow.

Estate & Fiduciary

(706 and 1041)

Figuring out estate and fiduciary taxes can be complicated. RTC Law takes the guesswork out of it, helping you with everything from obtaining an employer identification number (EIN) to preparing and filing all necessary federal and state Estate Tax Returns (Form 706) and Fiduciary Income Tax Returns (1041).

Limited Liability Company (LLC)

A limited liability company, or LLC, legally separates your personal affairs from your business affairs, thus preventing you from being personally responsible for debts or liabilities of the business. RTC Law can take care of all the legwork to help you set up an LLC, giving your personal assets priceless protection.

Series LLC

If you have several businesses, you may benefit from establishing a Series LLC, which can group multiple LLCs under one umbrella. This creates additional layers of protection for your personal assets, enables you to pay one set of annual fees and gives you the ability to file one income tax return. Utilize our expertise at S-LLCs to protect your businesses and personal assets.

C Corporations

There are many benefits to establishing a C Corporation: they are often at a lower risk of being audited, the owners and shareholders have a limited liability toward business debt, plus the C Corp can write off the cost of benefits as a business expense. Let us share with you the many advantages of a C Corp and complete all the legal documentation necessary to form your C Corporation today.

S Corporations

An S Corporation is a corporation that chooses to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. There are certain requirements a corporation must meet to allow for S Corp status. RTC Law can help educate you on the requirements, and draw up and submit the appropriate paperwork to help qualify as an S Corp.

Contract Drafting

Your business is unique so why isn't your contract language? The attorneys at RTC Law will incorporate the specifics of your business into the language of your contracts with an eye toward minimizing your risks in the long term. Incorporating your brand into the draft is a final touch that adds legitimacy to your operations. 

Contract Review

If you own a business, you know first-hand how contract-intensive things can be. Keeping up with changes in the law and mitigating risks through tailored contractual language is no easy task. The lawyers at RTC Law will review your contracts and coordinate with you to ensure the appropriate risks are assumed.

Contract Negotiation

Understanding the intricacies of your business is RTC Law's first step to ensuring your rights are protected and your obligations are understood. Translating the legalese into meaningful information and  negotiating contractual terms with candor and professionalism will assist you and your business with closing deals over and over again.

Purchase & Sale Agreements

Is it time to vertically integrate? Businesses are bought and sold on the regular. RTC Law can assist you in the formation, dissolution, and acquisition of your next business, including advising on purchase and sale agreements, tax implications, employment contracts, and much more.

Wills

A last will and testament is vital to protecting you and your assets. RTC Law will help you with all aspects of your will including appointing an executor for your estate, determining how you want your property and assets to be divided, and determining guardianship for minor children. Ask about RTC Law's combination deals and how to package your will with additional instruments to account for all contingencies. 

Trusts

A trust agreement details the rules you want followed for property that is held in trust for your beneficiaries. Whether you want to reduce the estate tax liability, protect property in your estate, avoid probate, or simply make sure the person you wish to benefit from your assets is legally stated, RTC Law can help you with all aspects of developing and designing a trust fit for your needs and custom-tailored to your unique circumstances.

Power of Attorney

In the event that you become incapacitated or otherwise unable to handle your own affairs, a power of attorney gives another person (your "attorney-in-fact") the authority to make decisions on your behalf and take care of your personal and/or business decisions. RTC Law can help draft the necessary legal documents to reflect to whom you wish to grant power of attorney and to ensure that all of your affairs are spared the limbo of incapacitation.

Advance Directive to Physicians

An Advance Directive or "Living Will"  allows you to control medical treatment should you become unable to express informed consent. It is so important to have your medical wishes detailed in advance of your needing them so that your desires will be honored. RTC Law can help you make sure your medical providers are aware of your wishes and hold them accountable should they fail to abide.

Modern Estates

Do you own sky miles? How about those loyalty points you've been accumulating on your credit card? With the adoption of digital assets such as points and miles, cryptocurrency, tokens/coins, and non-fungible tokens ("NFTs"), The definition of "Property" has been expanding at an unprecedented rate. Leaving property like this "on the table" and outside of the reach of your heirs can be a hefty price to pay for a small amount of disregard. RTC Law can help you avoid the pitfalls of not addressing digital assets in your estate plan.

Designation of Guardian

The designation of a guardian to raise your minor children is crucial. Choosing who will raise your children ensures that your wishes — not the default laws of the state — will be followed in the event of your death or inability to care for your loved ones. RTC Law can help you with the designation of a guardian, explain to you how the process works, and make sure that others are familiar with your wishes so that those wishes can be implemented.

Estate Planning Package

RTC Law offers a flat-fee estate planning package that is tailored to your individual situation. Whether for a single person or married couple, RTC Law can quickly assess your needs and deliver your customized estate planning documents in as little as a day. Best of all, you'll get precise instructions and detailed information on how the estate plan works and what you need to do to ensure that your loved ones are prepared for the inevitable.

On July 1, 2021, the Texas Education Code was updated allowing student-athletes to receive compensation for their name, image, and likeness (NIL). That means that student-athletes can now generate income for things like appearing in commercials,  sponsoring or promoting products, or cultivating relationships with corporate entities as brand ambassadors or influencers. Even so-called nano-influencers (those with approximately 10,000 followers) can secure lucrative deals at an extraordinarily young age. Athletes and entertainers alike must be aware of the risks involved in signing NIL contracts. RTC Law has worked with some of Texas' brightest and most talented up-and-coming athletes, artists and entertainers to assist them in negotiating in and out of NIL contracts and can do the same for you or your minor child. 

NIL Contract Drafting

When it comes to NIL Contracts there is no one-size-fits-all. In addition to the variability arising from the sophistication of the endorsing entity, each educational institution requires certain disclosures and limitations for athletes and artists. RTC Law has access to updated contract terms in the NIL space and can ensure that your agreement manages risk while creating leverage to maximize your remuneration. 

NIL Contract Review

Have you received an offer from a local or national business asking you to endorse their product or to participate in a marketing event or advertisement? Perhaps you already received a NIL contract and aren't aware of the risks that might arise from poorly written agreements, or how to terminate the NIL relationship if more lucrative offers are presented. RTC Law can review your agreement and explain your options in terms that you will understand.

NIL Contract Negotiations

The NIL Contract is drafted and the important aspects such as requirements, payment, duration, limitations, and termination  have been settled. Often times, however, an offer is on the table and the terms are understood, but there are still a few points of contention that need to be sorted out. RTC Law can carry your contract across the finish line, ensuring throughout the process that your needs are met and that the relationship is primed for repetition.

Civil Litigation

The lawyers at RTC Law prefer to avoid litigation when possible, but sometimes litigation is necessary. RTC Law can assist you in prosecuting or defending an array of claims in civil courts throughout the states of Oklahoma, Texas and beyond. Contract disputes, collection proceedings, detainer actions, deceptive trade practices, construction defects, personal injury and business dissolutions are a small sampling of areas in which RTC Law can assist.

Mediation

Mediation is a common form of alternative dispute resolution that is increasingly required by civil courts prior to trial. Mediation saves court resources, provides an avenue for confidentiality, and may provide cost savings by removing much of the formalities of a trial. The lawyers at RTC Law have represented clients in mediations and are familiar with this process, including settlement negotiation tactics and ensuring your rights are protected in the settlement process.

Arbitration

Arbitration clauses are finding their way into a multitude of contractual agreements. What do they mean? What do they require? How does one begin the process of arbitrating a dispute and what are the applicable deadlines? The attorneys as RTC Law understand and can demystify the arbitration process, ensuring that you understand your rights and the implications of arbitration clauses in your contractual agreements.

Small Claims

Small claims courts (e.g. the Justice of the Peace or "JP Court" in Texas) provide individuals and businesses a less formal means of resolving disputes and often a quicker resolution. In Texas, if your damages do not exceed $20,000, your claim may be filed in the small claims court. The lawyers at RTC Law can assist you in prosecuting or defending small claims and ensuring that justice prevails. Call us today to see how we can help.