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Many people think that forming an LLC is a difficult or confusing process, but it’s actually pretty simple. You don’t need to hire a lawyer or pay any fees to form an LLC in Oklahoma. You’ll just need some basic information about your business and its future plans, as well as an idea of how many owners will own the company (called “members” in a limited liability company). Whether you are going into business by yourself or with others, this article will walk you through the steps needed to form an Oklahoma LLC.
In Oklahoma, you have to choose a business name that is not too similar to one already in use. The Secretary of State has a list of names it considers confusingly similar and will refuse to issue you a certificate until you change your name. For example, if someone else has an LLC called “The Furniture Store” but yours is called “Furniture Store” or “Store,” then the Secretary will probably reject your application until you correct this mistake.
In addition, Oklahoma requires that all new businesses have their legal or trade names as part of their official state filings; so if there are any abbreviations or punctuation marks in your chosen name (e.g., United States Tobacco Company), they must be removed before submitting paperwork with the state government. Finally, while some states allow certain words like “associates,” “limited” or “corporation” in business names when used correctly by other entities such as law firms and accounting firms, Oklahoma does not allow these terms in its database because they can create confusion among consumers who may assume these companies aren’t limited liability companies (LLCs).
The first step to forming a LLC is making sure the name you’ve chosen for your company is available. You can check this by checking with the state and federal databases, as well as the Oklahoma Corporation Commission website and the Oklahoma Secretary of State website. Additionally, you should check with your county clerk’s office to see if there are any other companies registered under that name in your county–if so, you’ll need to choose another one.
Now that you have a name for your business, it’s time to register it with the state. In Oklahoma, this is done at the Secretary of State office. You’ll need to bring along some proof of your business formation (for example, your articles of organization or statement of authority). You’ll also need to pay $50 and provide your Social Security number and other personal information. Once you’ve registered your business name with the state, you can open a bank account and start selling products or services under this name.
The first step in forming your Oklahoma LLC is to file articles of organization with the Oklahoma Secretary of State. The articles of organization will include information about your LLC, such as its name and address.
You can file online or by mail. If you choose to file online, you’ll pay a one-time $100 fee after which you can submit filings without paying another fee until the following year. If you choose to mail in your filing instead, there’s no charge for submitting a new document on paper but you must pay an annual $50 renewal fee each year afterward if you want continued access to this service.
If you’re an LLC owner, you must designate a registered agent for your company. Your registered agent is the person in charge of receiving legal notices and other important documents on behalf of your LLC. You can designate an individual or a business as your registered agent. An Oklahoma-based lawyer or law firm is required to be listed as your company’s designated representative in case legal action needs to be taken against it, so make sure that this person is available when needed in such cases.
When choosing someone to act as your registered agent:
Once you’ve established your LLC, the next step is to file an initial report. This is basically a way for the state government to keep tabs on all new businesses in Oklahoma. It’s easy to do, but it does cost money: $50. You can pay by credit card or check when you submit your report online; if you prefer to send in a paper copy, you can use this form instead.
Once that’s taken care of, the next thing on the list will be filling out and submitting an Annual Report—but that doesn’t happen until next year! For now, we’re done with our basic business setup tasks (although there’s still plenty more work ahead).
You can get a certificate of approval from the Oklahoma Tax Commission office by:
An EIN is a nine-digit number that identifies your business to the IRS. It’s like a social security number for businesses, and you need it to open up a bank account and file taxes. You can apply for an EIN on the IRS website. After you fill out the application, it takes five to seven days to process. If you need an EIN more quickly than that, there are several other ways you can get one:
You can form an LLC in Oklahoma, but you will need to do some research and be willing to put in the time and effort.
It’s not difficult, but it will take some time and effort on your part. You may have to ask questions of other people who have formed their own companies before or consult with attorneys or accountants about what kind of legal structure is best for your specific needs.
Starting a business can be an exciting and rewarding experience. With the right information and resources, you can start your own LLC in Oklahoma in no time.
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