Owning a business in Oklahoma is a thrilling endeavor, but it also comes with a fair amount of obligations. It’s critical to understand how to restart a Limited Liability Company (LLC) if you own one that has stopped operating. We’ll go through how to reactivate an inactive LLC in Oklahoma and address some associated queries in this article.
A few actions are needed in Oklahoma to activate an inactive LLC. First, you should visit the Oklahoma Secretary of State’s website to see if your LLC is in good standing. Before reactivating your LLC, you must address the problems that caused the status change if it is not in good standing. You can start the reactivation process after the problems are fixed.
You must submit the Oklahoma Annual Certificate form to the Secretary of State in order to reactivate your LLC. You must also pay the necessary fees, which change based on how long the LLC has been dormant. The charge is $25 if the LLC hasn’t done anything for less than three years. The cost is $50 if it has been inactive for more than three years. Finding out if a business name is already taken in Oklahoma
Make sure the business name you desire is available before creating a company or reactivating an inactive LLC. You can use the Business Entity Search tool on the Secretary of State’s website to see if a business name is already in use in Oklahoma. You may look up company names using either the name or entity number.
The LLC’s franchise tax reports and payments to the Oklahoma Tax Commission (OTC) are past due, according to the Oklahoman expression “OTC Suspended.” When this occurs, the OTC has the authority to revoke the LLC’s license to conduct business in Oklahoma until the unfiled and unpaid reports and fees are made. Obtaining a Copy of Your Oklahoma Articles of Organization
A key document for creating an LLC in Oklahoma is the Articles of Organization. You can ask for a copy in person or by mail from the Secretary of State’s office if you require one. A copy will cost you $25. What Does the Secretary of State of Oklahoma Do?
Numerous duties are under the purview of the Oklahoma Secretary of State, including keeping track of business transactions, registering businesses and LLCs, and conducting elections. They are also in charge of enforcing the state’s commercial transactions under the Uniform Commercial Code.
In conclusion, filing the Annual Certificate form and paying the necessary costs are required in order to activate an inactive LLC in Oklahoma. Owning and running a business in Oklahoma also requires knowing OTC Suspension, checking to see if a business name is already taken, and obtaining a copy of the articles of incorporation. Finally, the Secretary of State is crucial to the state’s administration of elections and the preservation of commercial records.
A new LLC must be registered with the Oklahoma Secretary of State for $100 in Oklahoma. In addition, a $25 annual charge is required to keep the LLC in an active state.