Company Formation in Hungary for US Entrepreneurs
Company formation in Hungary offers access to the EU market, low taxes, and residency options. Learn about the steps, costs, and compliance rules.
Oklahoma's economy is on the rise, with 75 new and expanding companies announcing investments totaling $5.9 billion in 2024. This growth reflects the state's commitment to fostering a business-friendly climate.
Read on to learn how to form an LLC in Oklahoma and position your venture to capitalize on these opportunities. This comprehensive guide will walk you through the process of establishing your limited liability company, ensuring you understand the costs, benefits, and requirements involved.
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Your first step is to select a unique name that meets Oklahoma LLC naming guidelines. It must include “Limited Liability Company” or abbreviations like “LLC” or “L.L.C.” and be distinguishable from existing business names on file with the Secretary of State.
You can use the state’s online business name search to check availability. Not ready to file yet? Reserve your name for 60 days with a $10 Name Reservation Application.1
Note: If you plan to operate under a different name than your LLC’s legal name, you’ll need to file a Trade Name Report (also known as a DBA, or “doing business as”) with the Oklahoma Secretary of State. The filing fee is $25, and the name must comply with Oklahoma’s naming rules.
Every Oklahoma LLC must designate a registered agent—an individual or authorized business entity with a physical address in the state. This agent is responsible for receiving official notices, such as lawsuits or state correspondence.
If you don’t have a local office, you can hire a professional Oklahoma registered agent service for a yearly fee, typically around $100–$150.
To officially create your limited liability company, file Articles of Organization with the Oklahoma Secretary of State.2 You can file online or by mail.
Here’s what’s required:
The filing fee is $100, with approval typically taking 1–3 business days for online filings.
An LLC operating agreement outlines how your business will be managed, how profits and losses are allocated, and how decisions are made. While not required by the state, it’s essential for multi-member LLCs and recommended even for single-member entities.
You don’t have to file it with the state, but banks and investors may request a copy.
A Federal Employer Identification Number, or EIN, is required if your LLC has employees or if you plan to open a business bank account. You’ll also need it to file federal and state tax forms.
You can get an EIN for free by applying directly on the IRS website.3
If your LLC sells goods or services subject to sales tax, you must register for a sales tax permit with the Oklahoma Tax Commission. This step is also necessary if you have employees or are subject to other state business taxes.
Registration can be completed online through the Oklahoma Taxpayer Access Point (OkTAP).4
Open a dedicated business bank account for your LLC to keep personal and company finances separate—an important step in maintaining liability protection.
You’ll typically need:
While not legally required, creating a detailed business plan is a smart step before launching your Oklahoma LLC. A solid plan helps you define your goals, map out how your business will operate, and prepare for future growth. Most business plans include an executive summary, company description, target market, competitive analysis, marketing strategy, financial projections, and your overall business structure.
Once your Oklahoma LLC is formed, you’ll need to meet a few basic requirements to stay compliant. Missing these could cost you fees or even lead to the state shutting down your business.
Here’s what your LLC must do:
Oklahoma is a smart place to start an LLC—especially if you’re looking for low costs, flexible tax options, and strong legal protection. Here’s what makes an Oklahoma LLC a strong choice:
It’s relatively affordable to start an **Oklahoma LLC **compared to many other states. The state keeps formation and maintenance fees low, making it a cost-effective option for new and small businesses. Here’s a breakdown of the typical costs you can expect:
Expense | Cost |
---|---|
Name Reservation (Optional) | $10 |
Articles of Organization | $100 |
Annual Certificate (Yearly) | $25 |
Registered Agent (if hired) | ~$100–150 |
EIN (from IRS) | Free |
Business Licenses or Permits | Varies |
Yes. You do not need to be an Oklahoma resident to form or manage an Oklahoma LLC. For nonresidents, an in-state registered agent who can receive legal and state documents is a must.
Yes. U.S. citizenship is not required to form an Oklahoma LLC. Foreign individuals or companies can register by following the same steps, with additional paperwork required when applying for an EIN or reporting to the IRS.
If your LLC is formed in another state but intends to conduct business in Oklahoma, you must register as a foreign LLC. This process includes filing an Application for Registration with the Oklahoma Secretary of State and paying a $300 fee. Don’t risk paying penalties for operating without proper registration.
Feature | Oklahoma | Texas | Wyoming | Delaware |
---|---|---|---|---|
Filing Fee | $100 | $300 | $100 | $90 |
Annual Fee | $25 | $0–$200 | $60 | $300 |
Franchise Tax | None | Yes | No | Yes |
Privacy | Moderate | Low | High | High |
Best For | Most LLCs | Large Market | Asset Protection | Startups/Venture Capital |
Once you have established your business with an LLC in Wyoming, you’ll need a business account to manage your US finances. A Wise Business account is easy to open online and comes with no monthly fees. You can convert funds from your home currency to USD with low, transparent fees.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also send money to 140+ countries.
Some key features of Wise Business include: |
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An Oklahoma LLC gives your business legal protection, tax flexibility, and low startup costs. The annual fees remain low, and there are no franchise taxes. The state makes it easy for both residents and nonresidents to register and operate a company.
Follow the steps in this guide, meet the ongoing requirements, and position your business for long-term success. Take the next step, file your LLC with the state, and build your business on a solid foundation.
Oklahoma does not offer anonymous LLC formation. Member and manager information is part of the public record. Using a professional registered agent can help minimize the exposure of personal addresses.
Entrepreneurs choose Oklahoma for its low fees, no franchise tax, and central location. The business-friendly climate and straightforward filing process make it an appealing state for startups and growing companies.
While there's no state-level franchise tax, your Oklahoma LLC may still be subject to:
You’ll need to register with the Oklahoma Tax Commission if you engage in taxable activities.
Along with all the good sides of starting an LLC in Oklahoma, it’s important to consider some disadvantages:
Sources:
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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