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how to incorporate an llc in oklahoma in this year today you will learn about the most common ways to start your business including the correct forms you'll need how to register your llc critical naming requirements and all other vital tips and tricks then as a bonus later on in the video i will reveal to you a trustworthy registered agent who will help set up your llc for free so make sure to stick with me until the end oklahoma llcs are easy to set up the state of oklahoma like other states has several specific llc requirements there are three main ways you can start an llc in oklahoma first is the diy or do-it-yourself process where you mostly depend on oklahoma state's website the second way is hiring a professional service that practically offers more efficiency and security in the process of creating your llc while the third one is hiring an attorney we will skip the attorney hiring portion because that's expensive and most business owners won't need that service first let's take a look at the steps required for starting an llc on your own step one name your business before anything else you will have to think of the llc's legal business name each llc in oklahoma must have a distinct llc name that is not currently in use you must include the terms limited liability company or an abbreviation such as llc you cannot include phrases such as a corporation which would lead people to believe you are a different business organization knowing if your business name is taken or not is very easy just go to google and type in the words business entity records oklahoma secretary of state and click the first search result i also have the link in the description below for your convenience it will lead you to a landing page of business entity records in oklahoma scroll down a little and you will see some search options which make checking the availability of your business name easier generally you can click the first option entity name and type in your business name for example i am typing a very common business name here car wash express which will give you a list of existing business names a unique business name will say no matches found just like this random name i typed in keep in mind that the division of revenue doesn't check names for trademark compliance it's ultimately up to you and your business attorney to ensure that your llc's name doesn't infringe on any other company's rights step 2 oklahoma requires llc to have a registered agent an agent has a physical address a po box is not allowed and is available during business hours this agent will serve as the llc's primary point of contact for receiving key legal papers tax warnings summons subpoenas and so on you can register yourself or someone in your company but i highly recommend getting a professional registered agent as they have more knowledge by protecting your company in cases of possible cracks while i agree that family members or friends are reliable enough to be trusted as your llc's agent you are more comfortable sleeping at night knowing that your agent is professional and trained to manage legal documents to avoid problems concerning court schedules filing reports with the secretary of state etc besides hiring a professional registered agent is not expensive in fact there are companies that offer a free registered agent as part of your package when you form your llc through them inc file is a company i recommend which has this free service inc file offers a free registered agent on your first year of signing up for their service during that free year you can already take advantage of a professional and trained agent to receive legal documents on your behalf a dashboard where you can always access the correspondence that your agent has received as well as email notifications and automatic forwarding whenever your registered agent receives documents step 3 filing the oklahoma llc certificate of formation after that you must file the certificate of formation with the oklahoma secretary of state's business entities division and the office of the judge of probate to officially incorporate a domestic oklahoma limited liability company the oklahoma state filing cost for llc's is one hundred dollars for domestic llc's and three hundred dollars for foreign llcs basically a domestic llc means that you are already a resident of oklahoma and you want to build a business in oklahoma foreign llc on the other hand is for people living outside oklahoma but wanting to start a business or a franchise of their business in oklahoma with that said most businesses would be applying for a domestic llc you can file the certificate of formation online or by mailing it to the secretary of state expect the llc certification process to take approximately two weeks this is three to four days for the judge of probate and ten days for the secretary of state step 4 prepare an operating agreement now an operating agreement is a good idea to have in place with the other members if your llc has more than one member although a limited liability company operating agreement is not necessary for oklahoma your operating agreement should clarify how your company or business will handle big picture issues such as allocating earnings and losses and dissolving the company your operating agreement should also cover the transfer of membership interest profits or losses and distributions initial investments decision making powers voting rights and management and lastly dissolving the business step 5 file annual certificate all oklahoma llcs and foreign llcs authorized to do business in the state must file an annual certificate with the oklahoma secretary of state the annual certificate must be filed each year by the anniversary date of your llc's creation there are penalties for late filings you may file the report online through the oklahoma secretary of state entity filing web page or by mail the fee for filing the annual certificate is 25 step 6 obtain an ein an ein or employer identification number is a federal tax id issued by the irs your ein is used by them to readily identify your firm and tax filings all oklahoma firms pay a business privilege tax and the state requires you to have an ein to file you may also be required to provide your ein when opening a bank account or applying for municipal permits or licenses obtaining an ein is a slightly longer process compared to their previous steps i'm sure you know anything to do with the irs is confusing first you have to have complete knowledge of your llc such as your company information managing member information business address business information company details and even critical information regarding vehicular assets and federal excise taxes this is another reason why getting a professional registered agent is way more convenient as they can do this for you as part of their service now let's talk about the second option to form an llc and that is hiring a professional formation service professional formation services do all the steps you should be doing on your own from filing necessary forms to acting as your registered agent you usually have to alloc
Thanks for your comment Vonda Arisa, have a nice day.
- Vicenta Darwin, Staff Member
ready to incorporate an llc in oklahoma but unsure where to begin today you will learn about the most common ways to start your business including the correct forms you'll need how to register your llc critical naming requirements and all other important tips and tricks then as a bonus later on in the video i will reveal to you a trustworthy registered agent who will help set up your llc for free and also how to get a free 30-minute consultation with a real lawyer about setting up your business so make sure to stick with me until the end oklahoma llcs are cost effective and easy to set up the state of oklahoma like other states has several specific llc requirements there are three main ways you can start an llc in oklahoma first is a diy or do-it-yourself process where you mostly depend on oklahoma state's website the second way is hiring a professional service which practically offers more efficiency and security in the process of creating your llc while the third one is hiring an attorney let's first take a look at the steps required for starting an llc on your own step 1 name your business before anything else you'll have to think of the llc's legal business name each llc in oklahoma must have a distinct llc name that is not currently in use you must include the terms limited liability company or an abbreviation such as llc you cannot include phrases such as corporation which would lead people to believe you are a different business organization knowing if your business name is taken or not is very easy just go to google and type in the words secretary of state oklahoma search corporation entities and click the first search result i also have the link in the description below for your convenience it will lead you to a landing page of business entity records in oklahoma where you can then type in the name of your business and check its availability the secretary of state can also reserve the llc's trade name before filing for a period of 60 days you can make a name reservation for only 10 dollars which is non-refundable and once your business name is reserved no other entity can use it during the 60 day period step 2 get a registered agent oklahoma requires llcs to have a registered agent an agent has a physical address as po box is not allowed and is available during business hours this agent will serve as the llc's primary point of contact for receiving key legal papers tax warnings summons subpoenas and so on you can register yourself or someone in your company but i highly recommend getting a professional registered agent as they have more knowledge of protecting your company in cases of possible cracks besides hiring a professional registered agent is not expensive in fact there are companies who offer a free registered agent as part of their package when you form your llc through them inkfile is a company i recommend which has this free service inkfile offers a free registered agent on your first year of signing up to the service during that free year you can already take advantage of a professional and trained agent to receive legal documents on your behalf a dashboard where you can always access these correspondences that your agent has received as well as email notifications and automatic forwarding whenever your registered agent receives documents again i would like to touch base on the fact that your registered agent can be anyone but that is not the smartest move you have to keep in mind that their registered agent embodies your llc in managing legal documents to avoid problems concerning court schedules filing reports with the secretary of state and your business credibility as a professional registered agent alone serves as an evidence of the legal entity of your llc while i agree that family members or friends are reliable enough to be trusted as your llc's agent you're more comfortable sleeping at night knowing that your agent is professional and trained to do the tasks i just mentioned step 3 filing the oklahoma llc certificate of formation after that you must file a certificate of formation with the oklahoma secretary of state online through mail to officially incorporate a domestic oklahoma limited liability company the oklahoma state filing cost for llc online or by mail is only a hundred dollars typically your certificate of formation includes cover with name address and telephone number for the day your company name and address your registered agent's details names at the time of registration of llc management or members and managers or members of the llc addresses when they are submitted for a comprehensive guide you can check this link of the document which i also included in the description below step 4 prepare an operating agreement now an operating agreement is a good idea to have in place with the other members if your llc has more than one member although a limited liability company operating agreement is not necessary for oklahoma the state of oklahoma accepts operating agreements for limited liability companies as of running documents if your llc has one you may include it while submitting your llc certificate of formation to the probate judge your operating agreement should clarify how your company or business will handle big picture issues such as allocating earnings and losses and dissolving the company your operating agreement should cover the transfer of membership interest profits losses and distributions initial investments decision making powers voting rights and management and lastly dissolving the business this document has sections for every detail that should be written correctly and with clarity you have to keep in mind that your operating agreement can cover almost anything as long as it does not violate oklahoma law these rules may appear simple but the intricacy of the statute demonstrates how critical it is to get things in writing if you need to create an operating agreement and want to get your free sample copy to make life easy when filling out then feel free to check out this link in the description to get your free downloaded copy step 5 obtain an ein finally get an ein for your llc an ein or employer identification number is a federal tax id issued by the irs to your company your ein is used by the irs to readily identify your firm and tax filings all oklahoma firms pay a business privilege tax and the state requires you to have an ein to file you may also be required to provide your ein when opening a bank account or applying for municipal permits or licenses obtaining an ein is a slightly longer process compared to the previous steps i'm sure you know anything to do with the irs is confusing first you have to have complete knowledge of your llc such as your company information managing member information business address business information company details and even the critical information regarding vehicular assets and federal excise taxes this is another reason why getting a professional registered agent is way more convenient as they can do this for you as part of their service now let's talk about the second option to form an llc and that is hiring a professional formati
Thanks Keith your participation is very much appreciated
- Vicenta Darwin
About the author
I've studied public policy school at Elizabethtown College in Elizabethtown and I am an expert in anthropology of development. I usually feel mischievous. My previous job was sports physician (orthopedist) I held this position for 7 years, I love talking about homing pigeons and electric guitar. Huge fan of Steven Seagal I practice parachuting and collect first editions.
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