Does It Cost To Register A Business In Oklahoma Citu

Here are the steps you need to take to start a limited liability company (LLC) in Oklahoma.

A limited liability visitor (LLC for brusk) is a way to legally structure a business. Information technology combines the limited liability of a corporation with the flexibility and lack of formalities provided by a partnership or sole proprietorship. Whatever business owner who seeks to limit his or her personal liability for business debts and lawsuits should consider forming an LLC.

Here are the steps you need to take to form an LLC in Oklahoma. For more than data on how to form an LLC in any country, see Nolo's article How to Form an LLC.

1. Choose a Proper name for Your LLC

Under Oklahoma law, an LLC proper noun must include the words "Limited Liability Company" or "Limited Company," or the abbreviations "LLC," "LC," Fifty.L.C.," or L.C." The word "Limited" may exist abbreviated every bit "Ltd.," and the word "Company" may be abbreviated as "Co."

Your LLC'due south name must exist distinguishable from the names of other business concern entities already on file with the Oklahoma Secretarial assistant of Country. Names may be checked for availability at the Oklahoma Secretary of State business name database.

You may reserve a name for threescore days past filing a Application for Reservation of Name with the Oklahoma Secretarial assistant of State. The reservation may be filed online through the Oklahoma Secretary of State Entity Filing webpage or by mail service. The filing fee is $ten.

2. Appoint a Registered Amanuensis

Every Oklahoma LLC must have an agent for service of procedure in the state. This is an individual or business entity that agrees to accept legal papers on the LLC's behalf if it is sued. The registered agent may exist (1) an Oklahoma resident; (two) an Oklahoma LLC itself; or (3) a domestic or foreign business organisation entity authorized to do business organization in Oklahoma. The registered agent must take a physical street address in Oklahoma.

Steps to form an LLC

3. File Manufactures of Arrangement

An Oklahoma LLC is created by filing Articles of Arrangement of an Oklahoma Limited Liability Company with the Secretarial assistant of Country. The articles must include:

the LLC'southward name
the street accost of the LLC' s master place of business organisation
the LLC'southward email address
the LLC's term of existence--perpetual or a term of years or fixed date, and
the signature of a member, manager, or representative.

The articles may be filed online through the Oklahoma Secretary of State Entity Filing webpage or by postal mail. The filing fee is $100.

4. Prepare an Operating Agreement

An LLC operating agreement is not required in Oklahoma but is highly appropriate. The Operating Understanding is the primary certificate that establishes the rights, powers, duties, liabilities, and obligations of the members among themselves and to the LLC. The Operating Understanding is purely an internal document and is not filed with the Secretarial assistant of Country. If an existing or newly created LLC does not prefer an operating agreement, its existing articles of organization, bylaws or operating agreement, and/or its member control or limited liability company agreement will collectively become its operating agreement.

For aid creating an LLC operating agreement, meet Form Your Own Express Liability Company, by Anthony Mancuso (Nolo) or utilize Nolo'south Online LLC. If an operating agreement is created, it demand not be filed with the Articles of Organisation.

5. Comply With Other Tax and Regulatory Requirements

Additional tax and regulatory requirements may use to your LLC. These may include:

EIN: If your LLC has more than than one member, it must obtain its own IRS Employer Identification Number (EIN), even if information technology has no employees.If you form a one-member LLC, you lot must obtain an EIN for it only if it will have employees or you lot elect to take information technology taxed equally a corporation instead of a sole proprietorship (overlooked entity). You may obtain an EIN by completing an online EIN awarding on the IRS website. There is no filing fee.

Business Licenses: Depending on its type of business and where it is located, your LLC may need to obtain other local and state business organisation licenses. For local licenses, check with the clerk for the city where the LLC'south primary place of business is located (or county if it is in an unincorporated area). For state license information, consult the Business organization Licensing & Operating Requirements section of the Oklahoma Section of Commerce website. For more information, see Nolo's commodity How to Get a Small Business License in Oklahoma.

Tax Committee: In some cases, for example if you take employees or will be selling goods and collecting sales tax, yous'll need to annals with the Oklahoma Taxation Commission (OTC). Depending on the taxation involved, you tin can register online using the Oklahoma Taxpayer Access Point (TAP) site. For more than information on Oklahoma LLC revenue enhancement registration, see Nolo's article Oklahoma LLC Annual Filing Requirements.

6. File Almanac Document

All Oklahoma LLCs and foreign LLCs authorized to do business organization in the state must file an annual certificate with the Oklahoma Secretarial assistant of State. The almanac document must be filed each year by the anniversary date of your LLC'due south creation. There are penalties for belatedly filings. You lot may file the written report online through the Oklahoma Secretary of Land Entity Filing webpage or by mail. The fee for filing the almanac certificate is $25. For more than information on Oklahoma LLC almanac certificates, see Nolo's commodity Oklahoma LLC Annual Filing Requirements.