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| 1. Minimum Number of Incorporators - One or more.
2. Eligibility Requirements - None.
3. Duties - Delivering articles of incorporation to the Secretary of State for filing.
4. Listing Requirements - The name and address of each incorporator.
5. Corporate Purpose: Oklahoma allows a corporation to be formed for any lawful purpose(s).
6. Minimum Number of Directors - One or more.
7. Eligibility Requirements - The articles of incorporation or bylaws may list director qualifications. A director does not need to be a resident of this state or a shareholder of the corporation unless stated in the articles of incorporation or bylaws.
8. Listing Requirements - When incorporating in Oklahoma, directors are not required to be listed in the Articles. Either the articles or the bylaws may specify the number of directors.
9. Officers are not required to be listed in the articles of incorporation.
10. The articles must list the number of shares the corporation is authorized to issue, including certain information on classes and the par value of each share.
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- DEAR VISITORS, If you want to become familiar with the description and the contents of Oklahoma company incorporation packages, offered by our company and to find above, what kind of service is included in this or that Oklahoma incorporation package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company incorporation within foreign countries, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen.
Please note » The prices payable for the items that you order are clearly set out in the web site. There will be no contract of any kind between you and us unless and until we receive payment from you. We are not able to guarantee that any such filing will be acceptable to Secretary of State, nor are there any contractual obligation upon us to do so. If Secretary of State rejects incorporation or other electronic filing, we will credit your account with a full refund and the contract between us will be made void. Secretary of State does not offer a cancellation facility for the incorporation of companies or the electronic filing of documents. We will be unable to cancel any such submission on your behalf and will not refund any payment you have made. All prices shown at Coddan Web Site (www.coddan.co.uk) are in Great British pounds.
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 Oklahoma LLC - Form a Limited Liability Company in Oklahoma
Your Oklahoma LLC creates the legal platform for establishing an operating presence in the state of Oklahoma. Business developers and entrepreneurs like you form an LLC in Oklahoma in order to establish a legal presence and gain the protections of state law. A key decision factor for business developers is that your Oklahoma limited liability company provides the legal basis to separate out member personal assets (real property, bank deposits, securities, etc.) from future LLC corporation liabilities and possible attempts by your Oklahoma LLC creditors to lien, attach or liquidate assets in satisfaction of a court judgment against your Oklahoma LLC.
Another financial benefit to your Oklahoma LLC is that you can now legally deduct qualifying operating costs and expenses, along with deducting or writing off qualifying assets reported on your Oklahoma limited liability company balance sheet. Meanwhile, your Oklahoma LLC earnings are exempt from both state and federal tax, with profits and/or share of losses reported on the individual member tax returns. Significantly, your Oklahoma LLC can establish its own dividend policy based on member agreement, rather than be required by law to distribute earnings on a dollar-per-share basis is the requirement for a C corporation.
Your Oklahoma LLC is unrestricted in terms of capitalization and the number of investor-members it requires, as compared to the 75 shareholders ceiling which applies to Subchapter S corporations. Once that your LLC incorporation is complete, your capital raised, and you have some financial operating history data, then you can quickly secure available credit facilities from interested lenders, just like other companies do.
Corporate governance guidelines for your Oklahoma limited liability company are considered to be highly flexible, with no statutory requirement for annual meetings and written minutes such as applies with standard corporations, unless expressly set forth as a requirement within your LLC operating agreement.
- Why Form an Oklahoma Limited Liability Company?
The main reasons to form an Oklahoma Limited Liability Company are lawsuit protection, credibility, tax savings, deductible employee benefits, asset protection, anonymity, the ease of raising capital, creating a separate legal entity for personal protection, an Oklahoma LLC has a broad range of powers beyond that of a sole proprietorship, small claims court benefits, separate liability for corporate debts, and perpetual duration. When you form an Oklahoma LLC you create a separate legal person. You are a shareholder. You can control the corporation. However, when the Oklahoma business is sued you can be protected from being sued personally when your business is an Oklahoma LLC.
- An Oklahoma LLC Reduces Personal Liability
When you form an Oklahoma Limited Liability Company you form a separate person from the one or ones who own it. Therefore, when an Oklahoma LLC is sued, there are provisions in the law to protect the owners (members) and managers from personal liability. Once you do business with the public or have even one employee, you are wide open to legal liability. Year after year there are thousands of us who lose nearly everything we have due to personal liability with our unincorporated businesses. In addition, once you do form an Oklahoma LLC it is important that your business follows certain, relatively simple, formalities so that it looks and acts like an LLC.
It is reported that the United States has just five percent of the word's population and yet 70% of the world's lawyers. Legal experts agree that there are literally millions of lawsuits filed in the U.S. every year that would not be pursued overseas. Many of these lawsuits are filed by lawyers who must litigate just to survive. In addition to an overabundance of lawyers, the U.S. is one of the only civilized countries in the world that does not have a "loser pays" legal system. In other countries of the world, such as Canada and England, for example, the one who loses a lawsuit pays his or her own legal fees as well as those of the opponent. However, in the U.S. this scenario is much different. Even if a party to a lawsuit wins, he or she is still out his or her own legal expenses. What this means is that in the U.S. even if a defendant in a lawsuit wins he or she still loses. An Oklahoma Limited Liability Company can provide a legal shield between your business life and your personal life.
- Tax Advantages
There are more tax deductions available to an Oklahoma LLC than to businesses that are not LLCs. A few examples of the benefits you can enjoy when you form a Limited Liability Company in Oklahoma include medical expenses, pension plan, business trips and entertainment. It is reported the group with the highest percentage of tax audits is the one that includes the Schedule "C" form filed by the self-employed. The audit rate for the Oklahoma LLC is much lower than the Oklahoma self-employed. You may own and be employed by your Oklahoma LLC at time same time, thus, eliminating the Schedule "C" self-employment return from your list of filed IRS tax documents. The IRS seems to give preferential treatment to corporations with regard to tax deduction.
- Deductible Employee Benefits
When you form an Oklahoma Limited Liability Company you can provide for a wide-array of tax deductions for you and your employees. Even a one-person Oklahoma LLC can enjoy tremendous tax-deductible benefits such as health insurance deductions, travel deductions, automobile deductions, entertainment deductions, recreational facilities and many more. One of the most beneficial deductions is the pension plan or 401K. Money placed in a properly structured pension plan is tax deductible and the funds grow tax-free for retirement. These outstanding benefits alone can pay for an Oklahoma Limited Liability Company many times over.
- Anonymity
Owning an asset in your own name, such as a business, an investment property or an automobile, provides an easy target for one performing an asset search. Before initiating a lawsuit, it is quite common for an attorney to perform an asset search. If no assets can be located in your name this may decrease the chance that litigation will be pursued. Placing assets in the name of an Oklahoma Limited Liability Company may provide a cloak of privacy between you and those contemplating legal action against you. This privacy is enhanced when "nominee" managers are listed. With the Companies Incorporated Nominee Privacy Service, you retain ownership and control of your company. However, you elect Companies Incorporated representatives (who have no control or ownership of your Oklahoma LLC) to be listed in the public records.
- Raising Capital
There is a greater source of capital available to LLCs than to partnerships or proprietorships. Because the Oklahoma LLC is separate from the owners, people tend to be more willing to invest money without accepting liability or responsibility for company business. The Forbes 400 list of wealthiest Americans are full of individuals who hold the highest percentage of their wealth through ownership of companies they or their family members started. Many sole-proprietorship or partnership businesses are sold for one to two times annual earnings. Whereas, many companies are valued at between 12 to 25 times annual earnings or more.
- Separate Legal Entity Status
Because you and your Oklahoma LLC are two separate legal entities, lawsuits brought against your company do not need to affect you personally. When the Oklahoma Limited Liability Company borrows money, there are measures such that you are not personally liable to repay the debt. An Oklahoma LLC remains after the life of the owner(s). However, a sole proprietorship ceases to exist after the life of the owner.
- Small Claims Court
An Oklahoma Limited Liability Company may send a manager, officer, director or an employee to represent the company in most small claims courts. Unlike a sole proprietorship, this can free up the time of the owner to operate the business while employees take care of legal matters.
- Separate Liability for Corporate Debts
An Oklahoma LLC is separate from those who own it. If the company loses a lawsuit or has a debt it cannot pay, the Oklahoma LLC itself is responsible. The Oklahoma Limited Liability Company can provide a strong shield to protect the personal assets of the members and managers. In contrast, with a sole proprietorship or partnership, the owners can lose personal assets in a business lawsuit. If the members and/or managers have personally guaranteed corporate debts, of course, they can be held liable. In addition, the Oklahoma LLC must be established and operated properly for the legal shield to remain in place. For maximum protection, it is legally prudent to treat the Oklahoma LLC as a separate legal entity. For example, it is important to pay company expenses with company money (or be sure the company promptly reimburses you for business expenses if you have paid them personally). Conversely, you would not pay your personal electric bill with company money. Instead, the company pays you a salary from the company checking account (which is a tax-deduction for the company). You deposit your salary check in to your personal checking account and use those funds to pay your personal electrical bill.
- Perpetual Duration
An Oklahoma LLC continues its life after the death of the owners. Hudson's Bay Company (HBC), for example, was founded in 1670, and is still in operation today. HBC currently operates a large chain of department stores. General Electric Company was founded by Thomas Edison in 1882 and is one of the world's largest corporations today. Henry Ford created a legacy when he created the Ford Motor Company. Therefore, when you form a Limited Liability Company in Oklahoma you are creating a legal entity that can exist long after you are gone.
- Disadvantages of Organizing an LLC
An Oklahoma LLC is formed when properly drafted documents are filed in the jurisdiction of incorporation. There are very simple formalities that are followed (see below).
- LLCs Formalities
Oklahoma LLCs have members and, if desired, mangers. Optionally, an LLC can elect to have officers and directors. One person can hold all positions in most states. An Oklahoma LLC may also hold annual members and managers meetings. Personal and company funds should not be commingled in the same account. Though the required formalities are very few with the LLC, if certain formalities are not followed (e.g.. the LLC is not treated like a separate person from the owners), some states allow the members or/or managers to be held liable debts of the company. LLC formalities, while often necessary, are typically quite simple. So, when you form an Oklahoma Limited Liability Company, be sure to follow the simple procedures to keep your LLC in good standing. Companies Incorporated provides a list of LLC formalities for clients who utilize our service to form an Oklahoma Limited Liability Company.
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U.S.A. Services
Incorporate in Oklahoma
£ 135.00
To register in Delaware this package price includes (most popular for USA residents):
Search name availability for your LLC in Oklahoma
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