How to Start an LLC in Oklahoma

#1: Pick an LLC Name

The first and foremost part of building an LLC in OK is to pick up the right company name. Try to select a name that corresponds to Oklahoma standards and is conveniently accessed by prospective customers.

What Instructions Should Be Followed While Naming an LLC?

• Every business owner should include “Limited Liability Company” to his new company or the abbreviation of it, LLC.
• Avoid using the words that can mystify your LLC name with the government agencies, such as State Organizations, Treasury, FBI, etc.
• Make sure to choose a unique name from other corporations, Oklahoma LLCs, or limited liability parties.
• If you want to fit in a few confined words like an attorney, bank, university, etc., it might demand hiring a licensed lawyer or doctor for additional documentation.

The next step is to verify access to your chosen name in Oklahoma. Make sure if the name is still available or utilized by another entity.

You can visit Oklahoma’s official state website to check on Business Registry Search. Furthermore, one can also generate a name through an LLC Name Generator online.

#2: Find a Registered Agent

Another vital step is to find a reliable Registered Agent to form an LLC in OK.

There are some limitations when choosing a registered agent in Oklahoma. The person should be an Oklahoma inhabitant who would be able to perform your business tasks from within the state.

You may also nominate yourself for the official documentation, but we personally recommend to go for ZenBusiness. Besides offering a free first year of their registered agent services, the company will form your Oklahoma LLC only for $49 plus state filing fee.

#3 File an Articles of Organization

During the formation of an LLC in OK, it’s crucial to submit your articles of organization linked with the Secretary of its State. A general article should cover up the following:

1. Name and web address of your LLC’s planner
2. The official name and address of Oklahoma LLC
3. Details of your LLCs registered entity
4. Details of your company members
5. The official LLCs emails
6. Entrepreneur’s signature

#4: Establish an LLC Operating Agreement

An LLC operating agreement is constitutional paperwork that sketches the rules and regulations for a new company and also outlines the entrepreneur’s operating procedures to form a new LLC in OK.

Although not necessary, creating an operating agreement will benefit a company for sure.

This legal agreement guarantees all entrepreneurs to remain on the same boat, which ultimately lessens further business clashes.

#5: Follow the Similar Tax and Other Administrative Requirements

A few extra taxes and other administrative requirements might implement to your new LLC that includes:

Employer Identification Number – It is just like a Social Security Number, so if your company has more than one employee, you can get this EIN by paying extra. This nine-digit code will check into your tax issues and assist you in creating a new bank account, hiring new staff, etc. One can submit an online form at the IRS website to get an EIN for his company.

Official Licenses – Sometimes, your new LLC in Oklahoma might demand the official state licenses or other approvals, depending on the business type and its location. So, there are Economic Resource Units in Oklahoma leading you to authorities to guarantee proper licensing, registration, or permissions within the state.

#6: Fulfill Your State Tax Commitments

After getting an Oklahoma LLC, there are several responsibilities on a business entity that should be fulfilled. For instance, in a few cases, one has to check with the Oklahoma Department of Revenue (OKDOR) for selling products or assembling sales tax, etc.

For your convenience, OKDOR has an online platform, so you can register yourself from there through Business Taxes Registration Application. For more information, you can review detailed LLC articles on our website.

#7: Responsibly Submit Annual Reports

All limited liability companies in Oklahoma, after their creation, are obliged to submit their annual (or biennial) reports. For more details on how to file an annual report or state-specific fee, read our article on LLC annual (or biennial) report.

Due Date: In Oklahoma, you need to submit your annual report with $25 due every year by the end of the month when you initially registered your LLC with the state.

Late Filings: In case you are unable to submit the required biennial report before the due date, it will cause your LLC to lose “Good Standing” status with the state. Further failure to file a biennial report may result in the dissolution of your LLC in Oklahoma.