LLC-Explained.com
Information about LLC's in various states and countries.
Oklahoma incorporation
Oklahoma incorporation has several distinct advantages compared to other states, although not as many as Nevada or Wyoming. When you choose to incorporate your business, you are in effect separating it from your personal assets. This will protect you in cases of problems with your business, as well as from liability if someone sues your business – they will be suing the incorporation, not you personally.
Incorporating your business makes you appear both more professional, more established, and allows you access to a number of benefits that sole proprietorships or partnerships do not have. Oklahoma incorporation allows you to have only one sole director or person in the incorporation, so you can indeed have a very small business be incorporated.
You do not have to be located in Oklahoma to have an Oklahoma incorporation. You also do not have to be listed on the articles of incorporation as a shareholder – a nice aspect of privacy for your business.
For Oklahoma incorporation, you will need to file a few things annually. The first is an annual statement, and the second is a biennial report. The report costs $100 dollars. Also, the income tax rate for your Oklahoma incorporation will be 6%. You are also required to keep records of your business, although they do not have to be located in Oklahoma.
To make an Oklahoma incorporation, you do not require a lawyer or any third party to file your articles of incorporation. However, an incorporation service or attorney can greatly help out, both with legal advice and streamlined filing of the paperwork.
One other thing to keep in mind for Oklahoma incorporation is that if you increase the amount of shares, you could possibly face a higher filing fee. This is another nuance that makes it best to have a professional file your articles of incorporation for you.
