You must file an annual report with the Oklahoma Secretary of State if you are an Oklahoma resident who owns a limited liability business (LLC). This report is required annually by the final day of the month that marks the anniversary of your LLC. Punishments and possibly the dissolution of your LLC may follow late submission of the report. We will walk you through the process of filing an annual report for an LLC in Oklahoma in this post.
Step 1: Go to the website for the Oklahoma Secretary of State The Oklahoma Secretary of State website must be accessed as the initial step in submitting your LLC’s annual report. Visit the website at www.sos.ok.gov to get there. Once on the website, pick “Business Entities” from the drop-down menu under the “Business Services” option.
Locate your LLC in Step 2 You can look up your LLC using the search box on the Business Entities website. Click “Search” after entering the name of your LLC. Your LLC should show up in the search results if it is officially registered with the Oklahoma Secretary of State.
Third step: select “Annual Certificate” Once you’ve found your LLC, select “Annual Certificate” from the menu. This will direct you to a website where you can start filling out the annual report for your LLC.
Step Four: Complete the annual report You must enter information about your LLC, including its name, address, and registered agent, on the annual report form. You will also be required to give details regarding the managers and members of your LLC. Make sure to correctly and thoroughly fill out every section of the form.
After you have finished filling out the annual report form, you will be required to pay the filing fee. An LLC in Oklahoma must pay $25 to file an annual report. You can use a credit card or electronic check to pay the fee online.
If you need to change who owns your LLC in Oklahoma, the procedure is rather simple. You must take the following actions in Oklahoma if you want to transfer an LLC:
Step 1: Obtain the required paperwork You must create and submit specific paperwork to the Oklahoma Secretary of State in order to change the ownership of your LLC. A Certificate of Transfer, an Assignment of Interest, and an Amendment to the Articles of Organization are a few examples of these documents.
Obtain the approval of all LLC members in step two. You must get the approval of all LLC members before you may transfer ownership of your LLC. This can entail calling a meeting or requesting each member’s written consent.
Step 3: Submit the required paperwork to the Oklahoma Secretary of State You can file the paperwork with the Oklahoma Secretary of State once you receive the required documentation and approval from every LLC member. A filing fee must be paid, and you must give the Secretary of State any other information they need.
You must update the information with the Oklahoma Secretary of State if your LLC’s address has changed. You must take the following actions in Oklahoma in order to alter the address of your LLC:
Step 1: Gather the required paperwork An Amendment to the Articles of Organization must be prepared and submitted if you want to modify your LLC’s address. The new address for your LLC as well as any other alterations you choose to make to your LLC’s details should be included in this document.
Step 2: Submit the Amendment to the Secretary of State for Oklahoma.
The Oklahoma Secretary of State must receive the Amendment once it has been prepared. A filing fee must be paid, and you must give the Secretary of State any other information they need.
An LLC may name a person or business as its registered agent to receive legal documents on the company’s behalf. Even while working as a registered agent might be a lucrative side job, there are certain drawbacks. Being a registered agent carries some dangers, such as:
2. Privacy issues: As a registered agent, your name and address will be made available to the general public on the website of the Oklahoma Secretary of State. A privacy risk could result from this.
3. Time commitment: Serving as a registered agent necessitates a certain amount of responsiveness and availability. For the purpose of receiving and sending legal papers, you might need to be accessible during ordinary business hours.
1. Availability: To accept legal documents on behalf of your LLC, your registered agent must be accessible during regular business hours.
3. Address: Where legal documents can be delivered, your registered agent must have a physical address in Oklahoma.
4. Price: Depending on the provider, the price of a registered agent can change. When selecting a registered agent for your LLC, be sure to shop around and compare costs and services.
If a husband and wife opt to be taxed as a partnership, they can be treated as one member of an LLC in Oklahoma. They would be regarded as two independent members if they choose to be taxed as a corporation. It is advised to get advice from a legal or tax expert to choose the best course of action for their particular circumstance.