How to Start Your LLC in Oklahoma
Legal Bueno helps with everything you need to start your business. We take care of all the paperwork so you don't have to worry about it. Want to learn more about the process we handle? Keep reading!
Quick Summary:
- Filing Fee: $100
- Turnaround time: 2-3 business days
How do I start an LLC in Oklahoma?
Thinking about starting an LLC? The process is pretty similar across the states. You'll start by picking a unique name for your business (you'll need to check to make sure it hasn't been taken!) and then filing some paperwork—usually called Articles of Organization or a Certificate of Formation—with your state's agency.
If you want to check the name availability for Oklahoma, visit https://www.sos.ok.gov/corp/corpInquiryFind.aspx.
After that's taken care of, you'll want to draft a governing doc for your business called an operating agreement & find any licenses you might need. Just keep in mind that each state has its own little quirks, so it's always a good idea to double-check specific requirements for your area.
What are the costs & processing times of starting a business in Oklahoma?
Here's the rundown for Oklahoma:
- The filing fee is: $100
- There are ongoing fees of $25 (every year)
- It usually takes 2-3 business days if you're filing online or 5-7 business days (plus mail time) if by mail.
Why Oklahoma is a great state for your LLC
Starting a company in Oklahoma offers a range of benefits that are particularly appealing to entrepreneurs. Here are some of the key advantages:
- Business Incentives: Oklahoma provides various tax exemptions and credits tailored for small businesses. If your LLC has 500 or fewer employees, you may be eligible for the Small Employer Quality Jobs Program, which can give you quarterly payments up to 5% of new taxable payroll for up to seven years.
- Simplified LLC Formation: The state facilitates a straightforward process for establishing a limited liability company (LLC), which is suited for startups and small to medium-sized enterprises. The advantages of forming an LLC in Oklahoma include:
These features make Oklahoma an attractive landscape for starting and growing a business, encouraging innovation and entrepreneurship within the state.
Legal Requirements
Remember! Legal Bueno will handle all of these requirements for you, but if you're interested, here are the legal requirements for Oklahoma:
Articles of Organization
The articles of organization must include: 1. The name of the LLC;
- The term of the existence of the LLC which may be perpetual; and
- The street address of its principal place of business, wherever located, and the name and street address of its registered agent which must be identical to its registered office in Oklahoma.
The articles of organization may include any other matters the member determine to include.
Okla. Stat. tit. 18, § 2005
Filing fee: $100
Okla. Stat. tit. 18, § 2055
Filing Process
After you've prepared the initial formation documents, you need to file it! Here is what Oklahoma laws require for filing:
One signed copy of the articles of organization or any other articles authorized by the Oklahoma LLC Act must be delivered to the secretary of state. Unless the secretary of state finds that any articles do not conform to law, upon receipt of all filing and other fees, he or she must:1. Endorse on each copy the word “filed” and the day, month and year, and the time, if applicable, of the filing;
- File one copy in his or her office; and
- Return a file-stamped copy to the person who filed it or his or her representative.
Okla. Stat. tit. 18, § 2007
Additional Legal Considerations
Here are some additional relevant laws that might be useful when operating your business in Oklahoma:
Operating agreement of LLC
Okla. Stat. tit. 18, § 2012.2
Annual certificate for domestic LLC and foreign LLC
Okla. Stat. tit. 18, § 2055.2
Series LLC Provisions
Okla. Stat. tit. 18, § 2054.4