If you’re looking for an easy and effective way of protecting your assets and growing your business, starting a limited liability company (LLC) might be what you need. It is crucial that you know the basics of how to start an LLC in Oklahoma.
This will help you understand the process and keep your business safe. Check out our guide if you need help with this process.
We have gathered the information you need about LLCs, filing for an LLC in Oklahoma, and the various legal considerations that have to be made. We have created a detailed guide for you to follow when starting an Oklahoma LLC.
Steps to Start an LLC in Oklahoma
1. Choose your LLC Name
LLC names in Oklahoma are as unique and personal as you are.
Choosing your LLC name should be one of the first things you consider when starting an LLC in Oklahoma. You can choose from a variety of friendly names, such as Uncle Sam’s LLC and In Good Company LLC. You must not use abbreviations or acronyms when naming your business. If your chosen name has already been used for another company, you will have to source for another name that is unique and identifiable.
You can check your name with the Oklahoma Secretary of State to ensure that it is available. The Secretary of State will also provide you with the opportunity to make a reservation, which you can take advantage of to secure the business name.
The name should end in “Limited Liability Company” or “LLC” so that there is no room for confusion among your clients and customers about who you are and what kind of business you do.
2. Purchase a Web Domain
The next thing you should think about is getting a web domain. Ensure that the domain name is registered so that you can easily set up your website. You can choose to buy the domain name directly from GoDaddy or while the domain is still available on a different registrar.
You can also invest in a website hosting service that will be able to accommodate your company’s needs. You should know, however, that web hosting services come with different pricing packages, go with the one that is of great interest to you, to fulfill the needs of your LLC in Oklahoma.
3. Get a Registered Agent
A registered agent is your one-stop shop for communication with the state government.
You should consider getting a registered agent to handle communication with the state government on your behalf. A registered agent is a legal representative of a business, in this case, your LLC. It is critical that you are aware of any changes or details that need to be updated on your company’s records. In order to accomplish this, it’s best if you have a registered agent to act as a liaison between you and the state government.
There are several ways to find a registered agent. You can choose to assign one of your team members as the registered agent or hire an external professional that will take care of all your legal needs.
4. File your Articles of Organisation
In order to register your Oklahoma LLC, you will have to file the Articles of Organisation. The articles of organisation contain information on the company’s name, address, business type, and state. The process of filing for an LLC in Oklahoma is straightforward and quick. You can visit the Secretary of State website and download the form there.
You will be required to submit a number of documents with your Articles of Organisation; ensure that you fill them out correctly before submitting them for filing. Once you have received the notice that your articles of organisation have been approved, your LLC has been established.
5. Get an Employer Identification Number (EIN)
An EIN is a unique social security number that is issued by the IRS to every business. Without an Employer Identification Number, you will not be able to open a bank account and process your tax in the state of Oklahoma. It is recommended that you get an EIN as soon as possible so that you can start running your business effectively.
You can apply for an EIN easily through the IRS website. You will be required to establish your LLC’s entity type in order to complete the application process.
6. Open a Bank Account for Your Business
You will want to get your bank account opened so that you can start receiving and depositing money for your business. You can also use your bank account to pay taxes and make other payments related to running an LLC in Oklahoma. Opening an account is simple and straightforward.
You will have to provide details about the business’s name, the address where the business is located, and the EIN of your LLC. Once your account is approved and established, you will receive a debit card and an account number. You can now use the account to make withdrawals and deposits.
As a new business owner in this state, you need to follow the steps we have outlined to start an LLC in Oklahoma. You should also consider hiring an Oklahoma Business Attorney to ensure that all legal requirements are met. A lawyer can help you legally establish your LLC, submit for tax and banking exemptions and establish finances for the company. The added legal support will allow you to concentrate on running your business effectively, without any worry about legal issues.