How to Form a Corporation in Oklahoma (7 Simple Steps)

A man forming a corporation in Oklahoma

Use A Professional Service

A professional service will handle the entire incorporation process on your behalf, allowing you to focus on the other needs of your new business.

4.7 out of 5 starsZenBusiness ($49 + state fee) for basic & quick incorporation.

3.6 out of 5 starsLegalZoom ($149 + state fee) for the most popular incorporation service available.

Forming a Corporation in Oklahoma is easy, just follow these 7 steps:

Step 1: Create A Name For Your Oklahoma Corporation

Choose a Business NameTo secure and register your brand name it should be unique, not too similar to another registered name, and shouldn’t contain any restricted wording. To check, conduct a Business Entity Search through the state and if there are potential trademark issues conduct another quick search using the TESS System through the U.S. Patent Office.

Keep in mind your brand name should contain the words ‘Corporation,’ ‘Company,’ 'Incorporated,' or 'Limited." Abbreviations for these words are also acceptable. If needed, an Application for Reservation of Name can be submitted to the OK Sec. of State that’s good for up to 60 days.

Filing Fee: $10

Quick Note: Before you commit 100% to a name, you may also want to check that there’s a decent URL available for your business. Use GoDaddy to search your options. If there’s a quality domain name for purchase, we advise buying it right away. Even if launching a business website isn’t on your radar right now, it’s going to be soon, and you might as well nail down a domain name that’ll make it easy for customers to find you!

Find a Domain Now

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After registering a domain name, consider setting up a professional email account (@yourcompany.com). Google's G Suite offers a business email service that comes with other useful tools, including word processing, spreadsheets, and more. Try it for free

Step 2: Appoint A Registered Agent

Choose a Registered AgentAn Oklahoma registered agent is a mandatory requirement. They act as a representative of your business whose job it is to receive and help process all important documents, especially state filings. Some basic criteria includes:

  • Must be an Oklahoma resident;
  • Must be a registered itself and;
  • Must be authorized to transact and operate business in Oklahoma.

That said you can hire 3rd party service and pay up to $160/year or get an agent free of charge when you register a business with Incfile or Incorporate.com.

Step 3: File the Articles Of Incorporation

Register an LLCOnce you have a registered agent and the company is ready to become an official business entity, file a Certificate of Incorporation with the Secretary of State. It declares the basics of your brand for the public record including:

  • Corporate name, address, and purpose.
  • Name and address of Oklahoma registered agent,
  • Number of shares the corporation is authorized to issue,
  • Name and address of every incorporator/director,

Filing Fee: $50 minimum

Step 4: Start A Corporate Records Book

File Annual Reports & Publication RequirementsThink of this as the hard copy record book where all critical corporate documents are kept like the Articles of Incorporation, Bylaws, meeting minutes, stock certificate ledger, stock certificates, stock certificate stubs, stock transfer documents, etc. It’s the ultimate company binder! They’re very common and while not necessary, having one is highly recommended for all serious business entities.

You can find them at nearby office supply stores or on Amazon, but we’re huge fans of Corporate Kits which include gorgeous records books/binders you can brand for as little as $99.

Step 5: Choose The Business’s Initial Directors

Hold a Meeting with Your Board of DirectorsAppoint at least 1 Director who among other things will oversee the Oklahoma corporation until the first shareholder meeting where new directors will be voted in. Prepare an “Incorporator Statement” with complete names and addresses of each director and keep it in your records book. Once elected, an initial meeting should:

  • Appoint officers & discuss/create Corporate Bylaws.
  • Choose a bank & approve the issuance of stock certificates.
  • Agree on corporate seal and adopt official stock certificate form.
  • Approve s-corp (opt.). Record Minutes of Meeting, have directors sign, then add to records book.

Step 6: Open A Business Bank Account

Best Business Bank AccountOkay, so where do you and your board/CFO plan on establishing the financial groundwork of your corporation? The first thing to ensure is that no other financial data-streams or accounts of any kind will get into the mix and muddy the waters. Keep everything separate. Then, shop around at different local, state and national banks as well as credit unions to get a good idea of your options.

To get your research going, check out this short free quasi-guide to Business Checking Accounts from the more big bank perspective. It should help give you a basic idea of the numbers involved.

Get $200 when you open a business checking account with Chase. Learn more

Step 7: Determine Business Licensing and Tax Obligations

Business LicensesAs a legally operating corporation in Oklahoma, you’re required to be 100% compliant with all relevant local/state/federal agencies. Ideally, you should have an attorney or at least be working with a professional filing service. Otherwise, here are four resources to get started:

  1. Get an EIN, or Employer Identification Number, free and quick through the IRS Website.
  2. Bookmark the OK Tax Commission, and the Oklahoma City Small Business Admin office.
  3. To form an S-Corp, submit Form 2553 with the IRS and be sure all board of directors have signed it.
  4. Consider professional Business License Research packages that handle the legwork for you.

Need Help Creating Your Corporation?

Have A Professional Service Form Your Corporation For You

If you'd prefer to have a reliable service incorporate in Oklahoma for you, here are the two most popular services:

- ZenBusiness ($49 + state fee) for basic & quick incorporation.

- LegalZoom ($149 + state fee) for the most popular incorporation service available.