How Much Does It Cost to Start an Oklahoma LLC? (Fees & Taxes Revealed)
Get Professionals to Form an Oklahoma LLC (from $0 + state fees)
Starting an LLC in the state of Oklahoma can be a relatively affordable endeavor. The most important cost you’ll need to consider is the fee for registering your LLC with the Oklahoma Secretary of State, which currently costs $100. You must also pay an annual report fee each year, worth $25. Depending on the type of business, other costs may be required such as licensing and permits.
Additionally, you may need to factor in costs based on your business location such as rent and electricity, as well as possibly a business insurance policy. It’s important to research the potential costs thoroughly before diving head first into the process when it comes to starting an LLC in Oklahoma.
If you want to skip the hassle of starting a Oklahoma LLC yourself, consider using professional help for the best price in the market:
- Northwest Registered Agent ($39+state fees) (best support)
- ZenBusiness ($0+state fees) (best price)
- Get Professionals to Form an Oklahoma LLC (from $0 + state fees)
- Quick Costs for Oklahoma LLC Breakdown & Best Options
- How Much Does a Limited Liability Company Cost in Oklahoma?
- Main Pros & Cost-Efficiency of Incorporating an Oklahoma LLC
- Other LLC Filing Costs
- How to Register an Oklahoma LLC Yourself
- Other LLC Taxes (varies)
- Get Professional Help in Forming an LLC in Oklahoma
- Cost Comparison with Other States
- FAQs
Quick Costs for Oklahoma LLC Breakdown & Best Options
Who forms the LLC? | Total fees |
You form the LLC in Oklahoma yourself | ($100 state fee + $25 Annual Fee + $10 LLC Name + $25 DBA) =$160 |
by using ZenBusiness | $0 + state fees |
by using Northwest Registered Agent | $39 + state fees |
see our other top-rated LLC service providers | varies |
How Much Does a Limited Liability Company Cost in Oklahoma?
Oklahoma LLC Online Filing Fee: $100
Starting an LLC doesn’t have to be expensive! The Oklahoma Secretary of State makes filing your LLC’s Articles of Organization simple and affordable, with just a $100 fee for the online submission.
Oklahoma Annual Report Fee: $25
All LLCs registered in the state of Oklahoma are obligated to file an annual certificate, which can be conveniently completed and submitted through the official website of the Secretary of State.
This requirement must be fulfilled by all entities before the end date of each month corresponding with their original formation date.
Registered Agent Fee ($29 or $125)
Rather than taking on the burden of being your own Oklahoma registered agent, signing up with a reliable registered agent service can ensure that you remain compliant and timely respond to all filing requirements, thereby avoiding hefty late fees.
Get your business up and running quickly with Northwest Registered Agent services comprehensive $39 package plus applicable state fees. With everything you need for successful formation, it’s the ideal choice!
OR:
If you only need a registered agent, Northwest Registered Agent offers exceptional service for a mere $129.
Cost to Form a Foreign LLC in Oklahoma ($300)
If you own an LLC in another state and are looking to expand your business into Oklahoma, registering as a foreign LLC is the essential next step. Registering with Oklahoma will make sure that everyone knows your company is legitimate and respected within all of its current territories.
Starting a foreign LLC in Oklahoma is quick and easy – all you need to do is complete the Application for Registration (Form 0081) and pay just $300. Registering your business has never been simpler or more affordable!
Cost of Filing Formation Certificates
The Oklahoma Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Oklahoma Secretary of State.
OKLAHOMA | Domestic LLC | Foreign LLC |
Online Filing | $100 | $300 |
Annual Report Filing | $25 | $25 |
Name Reservation fee | $10 | $10 |
By Mail | Fill out the application form, and send it to Oklahoma Secretary of State 421 NW 13th St, Suite #210 Oklahoma City, OK 73103. Domestic : $100Foreign : $300 |
Business Permits and Licenses
Regardless of the industry or area you operate in, if your business is based in Oklahoma, it needs to have federal, state and local permits/licenses for its operations. This applies whether you set up an LLC or any other type of business entity.
Main Pros & Cost-Efficiency of Incorporating an Oklahoma LLC
Creating a limited liability company in Oklahoma is an efficient way to manage your finances and operations in the state. LLCs are easy to set up, inexpensive, and provide reliable protection for their members’ & owners’ personal assets. Additionally, it is relatively easy to keep an LLC in good standing with the Oklahoma Tax Commission by complying with all applicable filing requirements. An important factor in keeping a business compliant is agreeing on each member’s rights and obligations through an LLC Operating Agreement, which should be drafted with assistance from an experienced lawyer.
Furthermore, depending on your specific business activities, you may need to obtain other forms of authorization, such as one or more business licenses. All these aspects taken together combine to make incorporating a Limited Liability Company in Oklahoma an efficient and cost-effective option for entrepreneurs.
And to get an idea of how to start an LLC in any state – read our guide here.
Other LLC Filing Costs
When forming an LLC, there are additional fees that may be incurred.
LLC Name Reservation ($10):
Secure your LLC’s name before formally filing by submitting an LLC Name Reservation (Form 0034) and paying a $10 fee. This reservation can be held for up to 60 days prior to the formation of your company.
“Doing Business As” (DBA) Name ($25):
To create a business name that is different from the legal LLC title, file a Trade Name Report (Form 0021) and pay the $25 filing fee.
Certified Document Copies ($10):
Receive an official copy of your Oklahoma business documents through the Secretary of State at a cost of only $10 plus $1 per page.
Certificate of Good Standing ($20):
To receive your Oklahoma certificate of good standing, simply order one through the Secretary of State for a reasonable fee of $20. This documentation is often requested by banks and lending institutions to confirm that you are in compliance with all regulations.
How to Register an Oklahoma LLC Yourself
Five Basic Steps to Start an LLC in Oklahoma
To get the full picture of how you can start an LLC in Oklahoma by yourself — read our guide here.
Other LLC Taxes (varies)
Here is a list of some possible taxes that owners may have to pay:
- Federal taxes
- State income tax
- Local income tax
- Business taxes
- Self-employment taxes
- Sales and use tax
- Payroll tax (if you have employees)
- Property tax (if the LLC owns property)
Get Professional Help in Forming an LLC in Oklahoma
It can be difficult and time-consuming to form an Oklahoma LLC all by yourself.
That’s why we decided to give you a few of the best options for professional services that can help you start an LLC in no time & with 0 effort!
#1 – Northwest Registered Agent is a perfect choice starting an Oklahoma LLC
Northwest has vast experience in creating LLCs and Corporations. They by far have the best support and client satisfaction rate. We’ve used and tested them ourselves and can guarantee that they’ll do an exceptional job for you.
You can read our full & extensive Northwest review here.
$39+State Fees
Rating: 4.9/5
Review count: 4850+
Form an LLC today with Nortwest. They have 98% customer satisfaction rating and over 4150+ verified reviews. They will include 1 year of free registered agent service!
#2 – ZenBusiness can help you form an LLC in Oklahoma
ZenBusiness is one of our top-rated LLC services as well. They have a super value-to-price ratio. And it’s perfect for those who are looking for the cheapest option to form their LLCs. When we tested their service — they’ve done a great job, so we can honestly recommend them.
To know more about them — read our full ZenBusiness review here.
$0 + State Fees
Rating: 4.8/5
Review count: 4830+
Form an LLC today with ZenBusiness for only $0 + State fees. They Have 98% customer satisfaction rating and over 4830+ verified reviews.
Cost Comparison with Other States
In Oklahoma, LLCs are subjected to various tax rates depending on the state they operate in – Colorado, Kansas, Arkansas, and so forth. To better comprehend this information, let’s dive into a comparative chart outlining the relative differences between these states.
States | Filing Fee | Annual/Biennial Fee | Sales Tax |
Oklahoma | $100 | $25 | 4.5% |
Arkansas | $50 | $150 | 6.5% |
Kansas | $165 | None | 6.5% |
Colorado | $125 | $85 | 2.9% |
FAQs
Do you have to pay for an Oklahoma LLC every year?
Every year, Oklahoma LLCs must pay a $25 annual certificate fee without fail.
Is an LLC really necessary?
As an LLC offers limited liability protection, it safeguards your individual resources in the face of a business loss. This could be due to anything from litigation to unpaid debt. As such, we strongly suggest that any small business with even minor potential risk or responsibility form their own LLC.
What is the cheapest way to get an LLC?
Create an LLC for a fraction of the cost by following these simple steps: complete formation, craft your own operating agreement, be your own Agent for Service of Process and obtain an EIN!
You might also want to check out our top-3 cheapest LLC states list.
Can I start an LLC for free?
It is feasible to start an LLC without the help of a professional, yet there are still associated costs connected with filing forms—no matter where your company is established.
Is an LLC expensive?
When it comes to forming an LLC, the costs can range anywhere from $40 to as much as $500. Even if you opt not to hire a professional, fees related to filing forms are unavoidable expenses that must be accounted for.
Can I pay myself a salary from my LLC?
If your LLC is taxed by the IRS in its standard tax filing, you are able to pay yourself a salary – however it will be listed as an ‘draw’ or ‘distribution.’
Does LLC need a bank account?
To protect your personal finances, it is critical to create a separate business bank account for your LLC. That way, you can keep track of all the transactions related to the company and ensure that its funds are used solely for business purposes.
Is an S corp better than an LLC?
An S corporation is a tax designation conferred by the IRS, not an entity type. If it’s beneficial for your business, you can have your LLC taxed as an S corp instead of in its default way. To decide if this is advantageous for you and your company, read over our guide about LLCs versus S corporations here!
What’s better: sole proprietorship or LLC?
A sole proprietorship is ideal for low-risk businesses, as it does not provide any legal protection from liability.
Here’s our full guide comparing LLC vs Sole Proprietorship.