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Forming an LLC in Oklahoma
Forming an LLC in Oklahoma is easy. The legislation only requires a minimum amount of administration, so that small businesses can benefit from forming LLC’s. If it seems too complicated, incorporate companies are willing to help and will do all of the paperwork for you for a moderate fee. Ideally have an attorney look over the Operating Agreement. This is not required by law, but having a bad Operating Agreement might leave you with problems with the IRS later on.
Forming an LLC in Oklahoma in 5 easy steps
- The first step is to select a name for your LLC. The name must be available (not used by another LLC) and cannot violate any trademark. When forming an LLC in Oklahoma, you are not allowed to use the term “cooperative”. You must include an LLC identifier, such as “Ltd Liability Co”.
- The second step is to leave the Articles of Organization to the Oklahoma filing office.
- The third step is to have an organizational meeting and establish an Operating Agreement together with all the other members of the LLC.
- The forth step is to open up a company bank account and obtain a Federal Employer Identification Number (FEIN). This can only be done after an Operating Agreement has been adopted.
- The fifth step, and also the final, is to evaluate which cities and counties that the LLC wishes to business in and attain a local business license from every one of them.
Important facts to take into consideration before forming an LLC in Oklahoma
- The minimum filing fee in Oklahoma is $100.00. (For 15 business days.)
- An LLC formed in Oklahoma must hand in its annual report by July 1st each year. The annual report fee for LLC’s is $25.00.
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