Oklahoma Corporation

You can get an EIN directly from the IRS. The application is free, and most businesses can apply online. However, if you don’t have a social security number, you’ll need to submit a paper application form. Can’t bear to fill out yet another application? Hire Northwest to get your EIN for you. Just add on EIN service during checkout when you sign up for our incorporation service.

Corporate bylaws cover basic policies and procedures for issues such as company finances and management. Bylaws should cover a range of topics, answering key questions like those below:

• Meetings: When and where will meetings for shareholders and directors be held? How many attendees are required to transact business? What are the procedures for voting or proxy voting? How do you call a special meeting? What actions can be taken without a meeting?

• Stock: How are stock certificates issued and transferred? How is voting affected by issues such as corporate stock owners or fractional shares?

• Directors and officers: How many directors must there be? Which officer positions are required? What powers do they have? How do you fill a vacancy or remove a director or officer?

• Finances: What are the procedures for retaining profits, issuing dividends, and paying bills? Who can withdraw money from the corporate bank account or sign checks?

• Records: Where is the corporate book to be kept? What information will be maintained? How are requests for review or access honored? Can records or copies be kept or distributed digitally?

• Amendments and emergencies: Who can amend bylaws and how? Can emergency bylaws be adopted in the case of disaster.

Oklahoma bylaws can make other provisions as well, assuming additions are in accordance with state law.

Creating bylaws can be overwhelming—where do you start? Northwest can help. We give you free corporate bylaws when you hire us to form your Oklahoma corporation. We know what kinds of topics and questions corporations need to address, and we’ve spent years refining and improving our forms. We offer many other free corporate forms as well, including templates for resolutions and meeting minutes.

For every $1,000 of revenue your business earns, Oklahoma’s Annual Franchise Tax will charge you $1.25. If your total tax due is $250 or less, you will be exempt from paying the tax. However, you will still be required to submit the tax return. The maximum franchise tax a corporation will pay is $20,000.Oklahoma Annual Franchise Tax

Your filing is due July 1st. Forget to file? After September 1st, you’ll pay a 10% penalty AND incur a 1.25% fee every month you’re late.

These filings can be easy to forget—which is why we send our clients automatic reminders for your Oklahoma Annual Report and State Franchise Tax filings. Or better yet, let us file for you. With our business renewal service, we send you the completed annual report for you to add your tax information, then submit the report for you for $100 plus the state fee and any tax owed.

In addition to the Annual Franchise Tax (described above), Oklahoma has a corporate net income tax. The rate is a flat 6%.

The state sales tax rate is 4.5%. However, cities and counties are allowed to tack on additional local sales taxes as well. To get an idea of what customers actually pay at the counter, below are the total sales tax rates in Oklahoma’s 5 largest cities:

Oklahoma City: 8.63%
Tulsa: 8.52%
Norman: 8.76%
Broken Arrow: 8.42%
Lawton: 9.01%

Yes, if you conduct business in Oklahoma, you’re required to register with the Oklahoma Tax Commission. You can register on Oklahoma’s Tax Payer Access Point (OkTAP). You’ll need your EIN before you can register.

At least $50. This is the minimum fee for filing an Oklahoma Certificate of Incorporation. However, if your corporation has more than $50K of authorized capital, the filing fee increases by $1 for every $1K of capital. Paying online with a credit card? You’ll also pay a 4% processing fee.

Hire Northwest and your total out-the-door cost is $280. We prepare and file your Certificate of Incorporation, give you a full year of registered agent service, and help you get started with tools and forms, including corporate bylaws and a business address.

If you really need your filing processed the same day, you’ll have to file in person and pay an extra $25 fee. A much easier, cheaper (and nearly as fast) option is filing online, which takes about 3 days. If you submit your Certificate of Incorporation by mail, you’ll receive your approval in a week or two.

The state doesn’t have a general business license requirement. Various state departments, however, license a variety of specific business activities, from electrical repair to auctioneering.

Cities and counties have their own licensing requirements as well. For instance, Tulsa requires licenses for a handful of businesses, such as pawnbrokers and taxi services.

For some license applications you may need an EIN or a certified copy of your Certificate of Incorporation. At Northwest, we can streamline the process and get these for you—simply add on these items during checkout.

A corporation formed outside of Oklahoma—but which conducts business in the state—is considered a foreign Oklahoma corporation. For example, if you incorporated in Missouri but decide to open a storefront in Oklahoma, you would be a foreign Oklahoma corporation. This also means you would need to register with the state by filing an Oklahoma Certificate of Qualification with the Oklahoma Secretary of State. Foreign corporations are required to file the Oklahoma Annual Business Activity Tax Return by July 1st every year, as well as pay a minimum of $125 in fees to the Oklahoma Tax commission.

Absolutely! We’re happy to start a nonprofit corporation for you. Note that incorporating an Oklahoma nonprofit requires a different form. The filing fee is lower as well. Oklahoma nonprofits do not file the state’s franchise tax but must file Form 512-E (the Oklahoma Return of Organization Exempt from Income Tax) annually within 4 1/2 months of the end of its fiscal year.

It’s a conundrum: you need a local number to display on your website and give to customers, but you don’t want to make your personal number quite so…public. We get it. And we’ve got you covered with Northwest Phone Service. We can provide you with a virtual phone number in any state—plus unlimited call forwarding and tons of easy-to-use features. You can try Phone Service free for 60 days when you hire us to form your corporation, and maintaining service is just $9 monthly after that. No contract required.