Oklahoma Business Facts
The capital of Oklahoma, aptly named Oklahoma City, was established in a land run of 10,000 homesteaders on April 22, 1889. Located equidistant from both US coasts, modern Oklahoma City serves as a principal distribution center in the state and region and was recently ranked by Forbes as America’s “Most Recession-Proof City” due to falling unemployment, one of the strongest housing markets in the country and strong growth in agriculture, energy and manufacturing.
Companies Headquartered in Oklahoma
Oklahoma is the home of major companies including BancFirst, Hobby Lobby, QuikTrip, Love’s Travel Stops & Country Stores and Sonic Drive-In.
Oklahoma entrepreneurs benefit from low operating costs and incentives such as the Small Employer Quality Jobs Program for businesses with a maximum of 90 employees. Though the state itself has a low-ranked business environment, Oklahoma City was recently named by WalletHub as the country’s Best Large City to Start a Business.
There are 3 basic options: a Corporation, LLC or DBA. Click here to learn more about business entities.
Choosing a business name is easier said than done – many legal and business problems can arise from picking the wrong name (you can always change it later but the less times you have to do that the better). In Step 3 we’ll show you how to search for the name in Oklahoma, but we highly recommend you do the following before searching Oklahoma state databases:
Restrictions on Oklahoma Business Name & Business Purpose
Each state has its own requirements for registering a business. Now that you’ve chosen a business structure and selected your business name, here are the requirements to register your business in Oklahoma.
How to form an LLC in Oklahoma
How to Incorporate in Oklahoma
Note: You can expedite your company registration process by hand-delivering the documents directly to the Secretary of State or one of their field offices and paying an additional fee.
TIP: Check our order form to see how long Oklahoma is currently taking to process regular and expedited orders.
How to File a DBA in Oklahoma
Optional Considerations when registering an Oklahoma business
Ready to register a business in Oklahoma?
Your EIN is like your Social Security Number for your company. It’s required for Corporations and LLC’s and optional for DBA’s (if you don’t have any employees, it’s required). However, if you are a DBA and don’t obtain an EIN you will be required to use your Social Security Number on many documents so it’s highly recommended that you obtain the EIN to prevent identity theft. You can apply online with the IRS or via IRS Form SS-4.
TIP: We can obtain your EIN for you if you we form your company.
To keep business and personal expenses separate, you should open a separate account for your business. In addition, getting business credit cards is how you begin to build a company credit profile (corporation or LLC required) and can later qualify for larger loans and lines of credit. To open the account simply call your chosen bank and inquire on the steps to open a business bank account. Typically you’ll need a) your filed paperwork b) your EIN c) a company resolution authorizing your company to open the account (signed by the owners, members, officers or directors, etc.).
TIP: Our business formation service includes a free banking resolution for your use.
Now that you’ve registered your business name you need to obtain a business license for your company – this authorizes your company to do business in your city or county. Typically this also involves registering for state taxes and permits (the city may require them as part of the business licensing process).
TIP: We can help you identify the necessary forms to obtain your business license.
DBA: Your Fictitious Business Name should be valid for two years at which point you’ll need to renew it.
LLC: Oklahoma LLCs are required to file an Annual Certificate every year by the filing anniversary date. The filing fee is $25.
Corporation: Oklahoma does not require corporations to file an annual report.
Ready to start a business in Oklahoma?
Our Oklahoma filing services will help you get started as quickly as possible.
Business Filing Department (for all business filings)
421 NW 13th St, Suite 210
Oklahoma City, OK 73103
Oklahoma Taxation Department
Oklahoma Labor and Employment Departments
Oklahoma Startup Resources
1. Small Business Administration (SBA) Oklahoma
2. SCORE Oklahoma
3. Oklahoma Legal Statutes
4. Oklahoma Chambers of Commerce
5. Oklahoma Department of Commerce
6. Angel.co Oklahoma Startups
7. Oklahoma Business News
8. Oklahoma Works
9. Oklahoma Small Business Development Center
10. Green Oklahoma
Wow loved it thankyou! I dreaded making this for a month thinking it would be a hassle. It wasn't thanks to you guys!
Excellent in all aspects. Perfect for new business owners with limited resources but wants to start it off right.