Business purpose(s): Specific business activities at the time of initial signing of the agreement.Formation: Date and location of LLC formationLLC name: Formal, not fictitious or assumed, LLC name.In the operating agreement, you should include the following details: However, having one could very well save you from a great deal of trouble regarding assets and finances. Like most states, Oklahoma does not require business owners to draft an LLC operating agreement. Once you have paid the state fee of $100 and filed the Articles of Organization, the typical turnaround time for having your LLC established is 15 to 20 business days. For this, you will need to provide the name of the LLC, the original state or jurisdiction of business formation, the date the company was initially formed, and the name and address of the registered agent. If you are an out-of-state business looking to operate in Oklahoma, you must establish a foreign LLC. This is a crucial component of establishing an LLC, and should include the following information: Next up on the agenda is filing the Oklahoma Articles of Organization. A fictitious name is a name under which a person transacts business other than their legal name and is typically chosen by domestic or foreign business partnerships. Sole proprietorships most commonly use this. A trade name, or “Doing Business As” (DBA) name, is one under which a corporation or business entity does business other than its legal name. Now, LLC names are different from a trade name or fictitious name. To reserve a name, you will need to file an Application for Reservation of name with the Oklahoma Secretary of State office. "Limited" can be abbreviated as “Ltd.,” and the word company as “Co.”.If you are filing as a Limited Liability Limited Partnership, you may use the abbreviations “LLLP” or “L.L.L.P.”.The name must include the words “Limited Liability Company,” “Limited Company,” or the abbreviated versions “LLC,” “LC,” or “L.C.”.When it comes to creating an Oklahoma LLC name, it is essential to keep the following points in mind: To do this, you will need to conduct a name search on the Oklahoma Secretary of State website. Check if your business name is availableįirst on your to-do list as a prospective business owner is finding out your LLC name availability.
What does it take to start an LLC in the Panhandle State? Here are the 6 essential steps you should know about before diving in. If you decide to make your business structure a Limited Liability Company (LLC), Oklahoma is a great state for forming an LLC because of its flexible organization terms, no double taxation, and limited personal liability. Oklahoma is a great state to start a business in, chiefly because of its low startup costs.
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