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Open an LLC in Oklahoma

 
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Category : > Library To Create An LLC In USA
Posted On : Mon Sep 26th,2016

 
How to Open an LLC in Oklahoma?
 

 

An ultimate guide to start an LLC in the state of Oklahoma

A limited liability company is a kind of business entity that brings a limited liability protection to the business corporation with the help of organizational and flexible tax structure of a partnership. It is also called “hybrid” entity because LLC has both partnerships and corporations’ features.In LLC,

 

  • The owners are called members.
  • While the person who is managing the company is called manager.
     

 

How to file an LLC in Oklahoma?

All Oklahoma LLCs are required to be filed with the state of Oklahoma legally to open a business and following are the requirements to set up an LLC in Oklahoma.


LLC FILING PROCEDURES:

File one signed copy of the articles of organization with the Secretary of State.
Pay filing fee ($100) to the Secretary of State. (Title 18, Sec. 2055)

 

The name of the limited liability company must contain the word:

  • Limited company
  • Limited liability Company, or
  • L.C,
  • L.L.C.,
  • LC,
  • LLC.
  • The word limited can be written as Ltd and the company can be used as Co. (Title 18, Sec. 2008)


The name availability of the business can be checked by making a call to the secretary of state in advance or you can also reserve the name for sixty days prior to file articles of the organization.

 

You need to provide following information while filling articles of organization Oklahoma:

  • The place of business- The principal street address of the business wherever it is located. P.O Boxes are not accepted.
  • E-Mail Address- Provide the E-mail address of the company as it is considered the primary contact for communication.
  • Every foreign and domestic limited liability company that is registered in the state of Oklahoma to do business is required to file an annual certificate at the company’s anniversary date.
  • Write the name of commercial registered agent for the service process in Oklahoma.
    Or the address and the name of entity’s noncommercial registered agent for the purpose of service process in Oklahoma.
  • Every LLC must maintain a registered office and an agent in the state of Oklahoma.
  • The registered offices must contain the street address. P.O Boxes are not accepted.
  • Term of existence- you will write for how long the company will remain active
  • Execution- One person who can be the member of an LLC or any other must sign the articles of Organization.

 

Who is a Registered Agent?

 

A registered agent is a person who officially sends and receives papers on your behalf. It includes annual state filing also.

 

Create an Operating Agreement


An operating agreement is a legal document showing the operating and partnership procedures of your Limited Liability Company. An operating agreement allows you to maintain working/financial relationships.


  • An operating agreement is not necessary to file an LLC in the state of Oklahoma, but we recommend to have.

 

Get an EIN-What is an EIN (Employer Identification Number) is used to give your business an entity. It is a kind of social security number of your company.

 

Why do I need an Employer Identification Number?


  • It helps you opening a business account
  • For federal and state tax purposes
  • Hiring employees for the company
  • An EIN number can be obtained from IRS. Business owner can file this after registering an LLC.
  • The processing time for EIN is 1-2 days.

 

Do you need to register for state tax?


  • You need to register for state tax if,

  • You are purchasing from suppliers and wholesalers
  • You are selling a product that requires a sales tax within the state of Oklahoma.
  • Retailers in the state of Oklahoma must charge and collect their taxes to the Oklahoma Tax Commission.

Expected LLC article filing processing time in Oklahoma!

The state of Oklahoma takes 24 to 48 hours (Standard processing time) to approve your article of the organization.

 

Common licensing Requirements

For various businesses in the state of Oklahoma you are required to get permit, license, or other filing procedures to operate your business.

  

Khizar Hayat

The Author of this article is a M.Phil in English Literature


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