Oklahoma Incorporation Services
To start a corporation in Oklahoma, you must file Certificate of Incorporation with the Secretary of State. You can file the document online, by mail or in person. The Certificate of Incorporation costs a minimum of $50 to file. Once filed with the state, this document formally creates your Oklahoma corporation. However, to actually ready the corporation to do business, you must complete several additional steps.
Starting an Oklahoma Corporation Guide:
Oklahoma Corporation Filing Options
Skip the state fees! Get an Oklahoma corporation and the best of our services today. Includes EIN, hassle-free maintenance, business address & mail forwarding, Privacy by Default®, local Corporate Guide® service, and everything you need to operate at full capacity.
Do It Yourself
Sign up for a free account and use our online tools to start your Oklahoma corporation today. Includes Oklahoma incorporation and maintenance walkthrough and company document creation. All for free.
Pay in Full
Includes Oklahoma corporation, business address & free mail forwarding, Privacy by Default®, lifetime support from local Corporate Guides® and a year of registered agent service.
Oklahoma Certificate of Incorporation Requirements
To form an Oklahoma corporation, you must complete and file the Certificate of Incorporation with the Secretary of State. See the document below and click on any number to see what information is required in the corresponding section.
Your name must include one of the following words: Association, Company, Corporation, Club, Foundation, Fund, Incorporated, Institute, Limited, Society, Syndicate, or Union. Or, use one of the following abbreviations: Co., Corp., Inc., or Ltd.
List either an individual Oklahoma resident (such as yourself) or a business (such as Northwest). Tip: Wouldn’t it be wild if we didn’t recommend Northwest at this point?
This Oklahoma street address is where your agent accepts legal notifications during regular business hours. This address, like all the information in your Certificate, will become part of the permanent record of your corporation. Tip: Not keen on giving up your privacy and availability? Hire Northwest and our Oklahoma office will be your registered office.
Yes, this email address will become part of the permanent public record as well. The state uses this email to send your Annual Franchise Tax notifications. Tip: At Northwest, we allow our clients to list our email address (and avoid an inbox full of spam).
Want your corporation to continue indefinitely? Skip this section. If you’d prefer to set a self-destruct timer on your business, enter how many years you want your corporation to exist. Tip: Most corporations skip this section.
What is your Oklahoma corporation going to do exactly? The answer to this question is your business purpose. You don’t have to agonize over how to summarize your activities in a few choice words—the state allows for a general purpose. You can simply say your purpose is “to engage in any lawful act or activity for which corporations may be organized under the general corporation law of Oklahoma.”
For each class or series of shares, list the number of shares you’re creating and their par value. Par value (also called “face value”) is the price listed on stock certificates and is typically the lowest value at which a share can be traded.
Your incorporator signs your Certificate of Incorporation. You must have at least one incorporator, but it doesn’t have to be a director, officer or anyone in your corporation (just someone you authorize to submit your Certificate). Incorporators must include their names and mailing addresses. Tip: We’ll be your incorporator when you hire Northwest to form your Oklahoma corporation.
List the names and mailing addresses of your Oklahoma corporation’s directors.
How much does it cost to start an Oklahoma corporation?
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 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 loads of tools and forms, including corporate bylaws.
How long does it take to start an Oklahoma corporation?
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.
If you hire Northwest to start your corporation, we file online and typically have your Oklahoma corporation formed within 3 business days.
Does an Oklahoma corporation need a registered agent?
Absolutely. The state requires your corporation to appoint and maintain an Oklahoma registered agent. You’re investing real time and real money to make your business dreams come true. You may be used to pinching pennies and working your fingers to the bone, so it probably doesn’t seem like too much more to be your own registered agent as well. However, being your own agent comes with headaches that can distract you from your business.
For instance, you’ll have to list the address where you’ll be available in your Certificate of Incorporation. These types of public documents are common picking grounds for data sellers, meaning your address will likely end up on all sorts of mailing lists. You’ll also have to be available at this address during regular business hours. When you first start a business there are 101 different places you need to be at any given time—too many to be stuck in the office.
Sometimes the best thing you can do is hire good people. At Northwest Registered Agent LLC, we got our start in registered agent service, and it’s what we do best. Our success story is simple: we’re dedicated to making our clients’ jobs easier with our expert service. We list our address in your public documents and are available so you don’t have to be. We scan and send you any notices the same day, so you’re always on top of your game.
Create Bylaws for Your Oklahoma Corporation
Do I need bylaws?
Yes, bylaws are an essential part of organizing your Oklahoma corporation. Why? Your bylaws are the internal rules for your corporation.
Why are corporate bylaws important?
Bylaws outline basic procedures, like when your annual meetings are or how many members are needed to vote on a resolution. They define the roles of each corporate position, such as how long board members serve and how they’re replaced. They determine the scope of each person’s authority as well, such as who can open a bank account or call a meeting. As you can imagine, these kinds of decisions have a huge impact on how your Oklahoma corporation really works.
How do I begin writing bylaws?
Sounds like a lot? You don’t have to reinvent the wheel—let us help you get started. When you hire Northwest to form your Oklahoma corporation, we give you free corporate bylaws, as well as other key business forms like resolutions. Check out the free corporate forms we provide to help corporations form and maintain their businesses.
Get an EIN for Your Oklahoma Corporation
Do I have to get a tax ID number (EIN)?
Yes, your Oklahoma corporation must get an EIN for federal tax filings. You’ll also need an EIN to use the state’s Oklahoma Taxpayer Access Point (OkTAP) for state taxes. You may need your EIN for other business paperwork as well, such as permit or bank account applications.
Who issues EINs? The IRS. You can get a free application from their website. Or, skip the extra IRS paperwork and hire us to get your EIN for you. It’s a simple as ticking the box that says “EIN service” during checkout when you sign up for our Oklahoma incorporation service.
Open a Bank Account for Your Oklahoma Corporation
To open a corporate bank account, you will need to bring the following to the bank:
- A copy of the Oklahoma corporation’s Certificate of Incorporation
- The Oklahoma corporation’s bylaws
- The Oklahoma corporation’s EIN
If your bylaws don’t specifically assign the power to open a bank account, you may also want to bring a corporate resolution to open a bank account that states that the person going to the bank is authorized by the business to open the account in the name of the corporation.
We recommend calling your bank ahead of time before going in and asking what their requirements are. Most banks don’t open corporate accounts nearly as frequently as personal accounts, so some bankers may be unfamiliar with their own bank’s requirements. As frustrating as that may be for you, calling ahead will help save you from being super annoyed when you walk into the bank.
Obtain a Business License
Does an Oklahoma corporation need a business license?
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.
File Oklahoma Corporation Reports
What is the Oklahoma Annual Franchise Tax?
The Oklahoma Annual Franchise Tax is a combination of an annual report and an annual tax. For the annual report part, you have to list the current contact information for all your corporate officers. For the annual tax part, you pay a rate of $1.25 for every $1,000 of capital used or invested in the state.
Don’t have much capital in Oklahoma? If you have $200K or less in capital used or invested in the state, you don’t owe any taxes (but you still have to file a schedule of corporate officers).
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.
Taxes are no fun and annoying fees and penalties are even worse. Let us help. When you hire Northwest as your registered agent, we’ll send you report reminders to help make sure you don’t miss your filing deadline. Or, get rid of this headache entirely. Hire us to prepare and file your Annual Franchise Tax for you for just $100 (plus any tax owed).
How much does a corporation in Oklahoma cost each year?
In addition to regular corporate taxes, Oklahoma has an Annual Franchise Tax. Corporations pay anywhere from $0 to a maximum of $20,000.
Pay Corporate Taxes
What are the taxes for an Oklahoma corporation?
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: 8.625%
Broken Arrow: 8.417%