Start a Business in Oklahoma
Starting a business in Oklahoma is easy. All you need to do is file a few forms with the Oklahoma Secretary of State and start running your business. Below, we show you how to get started and walk you through some of your options.
One option is, of course, to stop reading and just hire us to start your business for you. At Northwest, we form businesses and provide registered agent service throughout the US. That’s our business, and obviously we recommend starting your business in a certain way. We call it “Starting a Business the Right Way."
Starting your business the right way means hiring a registered agent to form your LLC or corporation so you can protect your privacy and receive the care your business needs to stay active. If you hire us to start your Oklahoma business, we’ll be your registered agent, provide Privacy by Default®, a business address, mail forwarding and local Corporate Guide® service for life.
How to Start a Business in Oklahoma
You file Certificate of Incorporation for an Oklahoma corporation or Articles of Organization for an Oklahoma LLC with the OK Secretary of State.
You obtain a federal tax ID number (FEIN or EIN) with the IRS after you have confirmation and filed articles from the State of Oklahoma showing your approved Oklahoma business.
Opening a business banking account under your new Oklahoma business name should be easy with these two items.
If you’re going to withhold sales tax or have employees, you will probably need to register with the OK Tax Commission and the OK Department of Labor. We provide all these links in your online account.
There is no Oklahoma State general business license. You can find out if your Oklahoma business needs a specific license using the online Business Registration and Licensing System. If your trade requires a license, you’ll have to apply for a license with the Oklahoma licensing board. (Most businesses don’t need this.)
You obtain a local license if the city or county you’re going to be working in requires it.
If you’re going to have an office or shop you might need an approval from the city zoning for your type of business in that location.
If you get overwhelmed, just get your business pulling in money and worry about regulations later.
Are You A Do-It-Yourselfer? You Can Save Some Money:
If you want to start a business in Oklahoma yourself, you can just hire us as your Oklahoma registered agent, and you’ll instantly have the Oklahoma LLC or corporation forms to file along with filing instructions on the quickest, cheapest, and most efficient way to incorporate an Oklahoma corporation or form a Oklahoma LLC. You’ll get the ongoing support of our online tools, reminders and the support of a professional Oklahoma registered agent service.
Oklahoma LLC vs Corporation
LLCs are great for small to medium-sized businesses. Because LLCs have fewer annual requirements, they’re easier to maintain over a long period. Large business owners often choose to start a corporation—having the option to sell stock is key for attracting investors.
But, what about Oklahoma? Any pros and cons for an Oklahoma LLC vs an Oklahoma corporation?
Starting an Oklahoma corporation typically costs less than starting an Oklahoma LLC. The filing fee for the Certificate of Incorporation is a minimum of $50 compared to $100 for the Articles of Organization. However, if the corporation chooses to authorize more than $50,000 in shares, then the initial cost will increase. Both entities will be required to submit some type of annual report—LLCs an annual certificate ($25) and corporations a Franchise Tax Return ($1.25 for every $1000 earned in revenue). So, high income corporations will end up paying more than high income LLCs.
Oklahoma offers LLCs strong asset and privacy protection. Although creditors may obtain a charging order, they can’t participate in management. Meaning, creditors won’t be able to force an LLC to make distributions or be sold off to pay debt. In addition, LLCs are not required to share the names of owners/managers to the public—allowing them to maintain privacy and hold property without personal information appearing on county land records.
If you want a corporation, you file an Oklahoma Certificate of Incorporation:
The Oklahoma Certificate of Incorporation cost a minimum of $50 with the Oklahoma Secretary of State.We custom draft your Oklahoma Certificate of Incorporation when you hire Northwest to start your Oklahoma business.
The Oklahoma Articles of Incorporation must include:
- A corporate ending such as Inc, corporation, or incorporated.
- The corporations duration is perpetual unless you state otherwise.
- The corporate purpose may be general or specific.
- The amount of shares authorized.
- The class of the shares.
- The par value of the shares.
- If the incorporators will not be the directors, list the names and addresses of the Oklahoma corporation directors.
- The name, address, and signature of the Oklahoma incorporator.
- The registered agent of the Oklahoma corporation.
Oklahoma does not require original signatures on new OK corporation filings. The stamped form will be mailed to the address on the envelope or cover sheet. If you file online you can print your documents from the OK SOS website.
Start Your Oklahoma Business!GET STARTED
If you want an LLC, you file Oklahoma Articles of Organization:
To form an Oklahoma LLC, you file Oklahoma Articles of Organization. The LLC Articles of Incorporation cost $100.
The basic requirements of Oklahoma LLC filings are:
- The business name must have a limited liability company ending or variation of it.
- New Oklahoma LLC’s name must be different than already registered Oklahoma companies.
- Duration of the Oklahoma LLC.
- The Oklahoma registered agent and the physical address.
- The Oklahoma LLC’s principal address.
- The name, address, and signature of the LLC organizer.
Oklahoma does not require original signatures on new OK LLC filings. You’ll get a certificate of formation mailed back to you after the state approves your filing.