The kind of business entity that you structure your business with impacts your overall business operations and development. It will also determine how you’re going to be charged for state taxes, the kind of paperwork that you need to comply and the opportunities for business growth that you can take advantage of. Knowing all these, you must think it through to be able to come up with the right decision.
If you’re confused which business structure you want to choose, read and understand our walkthrough guide to learn how to select a business structure. You may also want to read our side-by-side entity comparison chart.
After you’ve selected the business structure for your Oklahoma small business, the next step is to register it before the Secretary of State’s Office. Save yourself from all the stress and let experienced online incorporation providers like IncFile (for $49) and LegalZoom (for $149) handle the job for you.
But if you feel like you can do it on your own, that’s even better! To help you get started, you can read and follow the steps in the guides below.
You’re finally done with your incorporation! But before you celebrate, here are 5 additional requirements that you need to fulfill. After you’ve complied with all these you can congratulate and give yourself a pat in the back for a job well done.
Writing a business plan is not a mandatory requirement when starting a business in Oklahoma, but it’s highly recommended that you draft one for your business. For a business to be successful, it has to be built on a stable and solid foundation, and the only way that you can do this is if you create a game plan for your Oklahoma startup.
If you want to start writing your business plan now, you can use the resources below to get things done.
Before you operate your business, make sure that you open a business bank account to separate personal and business finances. If you do this, you’ll be able to keep track of your business expenses better.
Recommended Resource: Read this roundup to learn the types of business bank accounts which you open for your startup.
Keeping track of your Oklahoma taxes and finances is essential if you want to maintain the financial health of your Oklahoma small business. Fulfill your business tax obligations so you won’t encounter issues and problems in the future. Check out the Oklahoma Taxpayer Access Point for further information.
Recommended Resource: Xero is one of the best accounting softwares for expense tracking and and accounting. If you’re looking for an expert in the field, Xero is the one to beat. Try Xero free for 30 days now!
Fulfilling your Oklahoma small business licenses and permits is essential so you can legally operate in the state. By obtaining your business licenses and permits, you show your adherence to the standards and policies set by the state of Oklahoma for new businesses.
Recommended Resource: Business licenses vary from business to business. Get professional assistance in classifying what licenses are applicable to your business by taking advantage of this business research license package. You can also read the SBA’s roundup resources.
Keep up with today’s competition by building a business website for your business. There are so many available platforms that you can use so there shouldn’t be any problem in building a business website.
One example is WordPress; it’s a free platform that will enable you to build and customize a website in a matter of minutes. Bluehost is also a great website building tool that has one-click WordPress installation and 24/7 customer support.
Please note that this article is meant for informational/instructional purposes only. It is not a legal document nor a replacement of legal advice. If you need specific answers regarding the legalities of incorporating your Oklahoma small business, you can consult your attorney for professional legal advice.