Anyone wishing to launch a business in Oklahoma must first complete the state’s business registration process. One of the most frequently asked questions is “How much does it cost to register a business in Oklahoma?” The process of registering a business can be a little perplexing for first-time business owners.
Depending on the kind of business structure you select, Oklahoma’s business registration fees change. Various company formations, such as sole proprietorships, partnerships, corporations, and limited liability companies (LLCs), are available in the state of Oklahoma.
The state of Oklahoma does not charge anything to register your business as a sole proprietorship. However, you must submit a Certificate of Trade Name, which costs $25, to the Secretary of State’s office if you intend to use a business name other than your own. The cost of registering your business with the state of Oklahoma for a partnership is $100. The Secretary of State’s office will receive a Certificate of Partnership after payment of this cost.
The fee to register your company with the state of Oklahoma for an LLC is $100. The Secretary of State’s office will receive the articles of organization upon payment of this fee.
It is significant to remember that these costs only apply to state registration. You may also need to obtain regional business licenses or permissions, which could result in additional fees depending on the type of business you are launching.
You might also need to get an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) in addition to registering your firm. All corporations and LLCs must have an EIN, and sole proprietorships are advised to do so as well. An EIN can be acquired for nothing and online on the IRS website.
Conclusion: Depending on the kind of business structure you select, the cost of registering a business in Oklahoma varies. While partnerships, corporations, and LLCs all have a $100 registration cost, sole proprietorships can register for nothing. Taking into account any additional fees for regional company licenses or permissions is also crucial. All firms should also get an EIN, which can be done for free on the IRS website.