How to Start a Business in Oklahoma

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.

Startup Environment

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.   

Step 1: Decide on a Business Structure

There are 3 basic options: a Corporation, LLC or DBA. Click here to learn more about business entities.

• A Corporation is a separate entity (provides liability protection to the owners) with a structure that includes shareholders, directors and officers. It’s more complex than a DBA but the entity of choice for large companies and startups that intend to raise funding. Some professions are required to choose what is known as a “Professional Corporation” or PC (doctors, lawyers, architects, etc.).
• An LLC or “Limited Liability Company” is a newer type of business that is both a separate entity and provides very easy management (doesn’t require directors or officers) and taxation. The LLC has largely replaced the DBA and Corporation in popularity recently as it provides liability protection but with much less complexity (and taxation) than a Corporation.
• A DBA or “Doing Business As” (also known as a “Fictitious Business Name” or FBN) is not really a separate structure, but just a different name that an individual or partners use as their business name.

Step 2: Choose a Business Name

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:

• Make sure you’ve covered the basics: unique, easy to understand/pronounce (practice saying it out loud: “Thanks for calling XYZ”) and can survive over time (“DVD World” is not timely). Here are some of our tips on business identity including logo and trademarks.

• Search the web for your proposed name. Search Google, Bing and DuckDuckGo as a “first sweep” for any potential conflicts, especially in your state or local jurisdiction. NOTE: If you intend to operate nationally or even internationally it will be even more important that your name be unique. This should cover many cases where a company name is being used but not officially trademarked (see next tip).

• Do a trademark search with the US Patent and Trademark Office (USPTO). This will be a very good indicator if your name will have any conflicts. There’s an art to trademark searches (trademark specialists will charge you handsomely to do a thorough search) but in our experience if you can use Google at a fairly advanced level you can reasonably clear a name yourself. Tip: search misspellings, plurals, variations of spelling, sound-alikes and other versions of your chosen name to be sure it’s not already registered.

• Make sure your company name choice is available by searching the Oklahoma Business Entity Database. NOTE: Make sure to search variations of spelling, plurals and misspellings as the state may reject a name that is too similar (then you have to start all over again, wasting valuable time).

Restrictions on Oklahoma Business Name & Business Purpose

• The name of your Oklahoma corporation should end with “Corporation,” “Incorporated,” “Corp.,” or “Inc.”
• An Oklahoma LLC name must end with “Limited Liability Company,” “Limited Company,” “Ltd. Co.,” “LC,” “LLC” or “L.L.C.”

Step 3: Register the Business

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

• File the “Articles of Organization” with the Oklahoma Secretary of State.
• Once the articles are filed and approved you will then need to properly organize the LLC (this also applies to “1-person LLC’s”) by holding an “Organizational Meeting” which takes contributions from the members, issues Member Certificates, adopts the company Operating Agreement and more.

How to Incorporate in Oklahoma

• File the “Certificate of Incorporation” with the Oklahoma Secretary of State.
• Hold an “Organizational Meeting” to determine the percentage of ownership for each shareholder as well as resolve to do tasks like open a company bank account, pay back pre-incorporation expenses, elect S-Corporation status and more.
• Corporations can elect S-Corporation status with the IRS by filing IRS Form 2553. Click here to learn more about S-Corporations.

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

• File your Oklahoma trade name application with the Secretary of State.

Optional Considerations when registering an Oklahoma business

• Hire a professional Registered Agent. Many entrepreneurs list their home or business address on the Articles of Organization or Certificate of Incorporation. This can cause issues because it becomes public record (you’ll get lots of junk mail). A professional Registered Agent will provide their address and forward any important documents to you, this is also convenient if you have to move (you don’t have to file forms or pay fees, just update your address with your agent).

Ready to register a business in Oklahoma?

• We specialize in registering businesses in Oklahoma.

Step 4: Obtain your Federal Employer Identification Number (FEIN or “EIN”)

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.

Ready to Start Now? Let Us Do The Work

Sure, you could do all the steps above or you could spend 5-10 minutes on our order form and let us take care of it while you work on more important things.

• Learn more about our business formation service
• Read our verified reviews and 100% Satisfaction Guarantee
• Contact our friendly support team if you have any questions

Step 5: Open Company Accounts: Bank and Credit Cards

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.

Step 6: Obtain Business Licenses and Permits

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.

Step 7: Annual and Ongoing Requirements

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.

Important Oklahoma Contacts

Oklahoma Secretary of State

Business Filing Department (for all business filings)
421 NW 13th St, Suite 210
Oklahoma City, OK 73103
Phone: 405-522-2520

Oklahoma Taxation Department

• Oklahoma Tax Commission

Oklahoma Labor and Employment Departments

• Department of Labor

Oklahoma Startup Resources

1. Small Business Administration (SBA) Oklahoma

• Oklahoma District Office

2. SCORE Oklahoma

• Oklahoma City SCORE

3. Oklahoma Legal Statutes

• 2014 Oklahoma Statutes Title 18. Corporations – note this is the broad code that includes various topics related to Oklahoma businesses.
• 2014 Oklahoma Statutes Title 59. Professions and Occupations – this includes regulations on Oklahoma’s professions and businesses.

4. Oklahoma Chambers of Commerce

• Oklahoma Chamber of Commerce
• Greater Oklahoma City Chamber
• Tulsa Chamber of Commerce

5. Oklahoma Department of Commerce

• The Oklahoma Department of Commerce is dedicated to providing the support and tools necessary for Oklahoma companies to grow and thrive.

6. Angel.co Oklahoma Startups

• A list of all Oklahoma Startups and Oklahoma angel investors registered with Angel.co.

7. Oklahoma Business News

• News OK – The Oklahoman
• Oklahoma JustGoodNew.biz

8. Oklahoma Works

• Oklahoma Works is designed to increase the wealth of all Oklahomans through facilitating quality employment for workers and ready availability of highly-skilled talent for business and industry.

9. Oklahoma Small Business Development Center

• The OKSBDC provides confidential, high quality, no cost entrepreneurial and small business management advising in order to help Oklahomans start and grow businesses.  

10. Green Oklahoma

• Green Oklahoma’s mission is to help Oklahomans live a greener life.