There’s no rule when naming your Oklahoma LLC, however, you must include the the words “Limited Liability Company” or abbreviations such as “LLC” or “L.L.C.” after your business name. Also, your chosen business name should be distinct and unique and should not be used by any other existing business regardless of entity type.
To check if your business name is still available for use, you can use the business name search tool provided by the Oklahoma Secretary of State’s Office. If you want to reserve your business name for up to 60 days, you may do so by filing for an Application for Reservation of Name. You can do the filing through mail or online with the use of the Secretary of State’s Entity Filing. Prepare a filing fee of $10.
Appointing and maintaining an Oklahoma Registered Agent is a mandatory requirement in the state of Oklahoma. Every state has basic requirements when hiring an agent; in Oklahoma a registered agent must meet the following criteria:
Registered agent fees vary, but you can hire one for $160 every year. If you choose to start your LLC with IncFile you will be able to avail of a registered agent service for one complete year.
Filing your Articles of Incorporation of an Oklahoma Limited Liability Company is the most important step to form your Oklahoma LLC. When filling out this form, you have to prepare the following information:
You can file your application through postal mail (address is indicated in the form) or you can apply online through the Secretary of State’s Entity Filing.
LLC Filing Fee: $100
An Employer Identification Number is required in Oklahoma for all businesses in the state. It is a 9-series identification number that enables the Internal Revenue Service to monitor your business activities most specially your taxes.
The EIN serves a variety of purpose; from hiring employees, opening a business bank account and a lot more. Obtain this requirement at the IRS website totally free!
A business bank account is essential so you can separate your business and personal finances. If you have a bank account for your business, you can keep track of your finances easier because you’ll have a record of all your transaction.
Recommended Resource: To help you choose the best type of business bank account for your Oklahoma small business, you can read this roundup.
Congratulations! After completing the steps above, you are now considered an Oklahoma LLC! To be able to operate your Oklahoma small business fully, here are 5 supplementary requirements that you need to comply first.
Writing a business plan is not a mandatory requirement when starting a business in Oklahoma but for the good of your LLC, you have to write one.
A business plan is not just a blueprint that will guide you, it will also help you fight the right funding for your business. Begin writing a solid business plan with the following resources below.
Staying on top of your Oklahoma taxes and finances is important to ensure a worry-free and smooth business operations. To fulfill your tax obligations, you have to register before the Oklahoma Tax Commission or the Oklahoma Taxpayer Access Point.
Recommended Resource: Xero is a credible accounting software that will help you in efficient financial management. You can Try Xero free for 30 days now!
Complying with Oklahoma business licenses is a mandatory requirement in the state. Without obtaining the specific licenses applicable for your business, you will not be allowed to operate in Oklahoma.
Licenses vary from state to state and will depend on the size, nature and type of business you’re running.
Recommended Resource: For professional assistance in compiling required licenses for your Oklahoma startup, here is a great package to help you. Otherwise check out this resource roundup prepared by the SBA.
A Limited Liability Company is one of the most flexible forms of entity that you can operate. Its flexibility can be an advantage but it can also be a disadvantage, which is why it is wise to create an Operating Agreement.
An Operating Agreement is a legal document that outlines your ownership status, financial and operational relationships and corporate rules. Take advantage of this Operating Agreement template and customize it based on your specifications.
When operating a business these days, it’s a must to have a business website which will enable you to reach your market far and wide. Today, it’s easy to make a business website from scratch.
You can use WordPress which is a free platform that allows you to create a professional website in just minutes. Bluehost is also a great software that has a one-click automatic WordPress installation and an available customer support.
Resource for Getting Started: Build your business website with the use this step-by-step guide to help you.
This guide is meant for informational purposes only and should not be considered a legal document or an alternative for legal advice. It is published for the sole purpose of helping you starting an LLC in Oklahoma. For further information on the legalities of forming an LLC in the state, please visit your attorney