You must submit an annual report to the Oklahoma Secretary of State if you are the owner of a limited liability corporation (LLC) in the state. This report includes current information on your company, including any alterations to ownership, the registered agent, or the location of the business.
Yes, all LLCs in Oklahoma are obliged to submit yearly reports. The report is required at the end of the month that marks the anniversary of the formation of your LLC. The annual report is due every year by the end of June, for instance, if your LLC was established in June. Late costs and ultimately LLC dissolution may come from failing to submit the report on time.
No, LLCs do not expire in Oklahoma. However, the state has the right to administratively liquidate your LLC if you forget to submit the annual report. This implies that all liability protection will be lost and your LLC will no longer be regarded as a legal organization.
An annual report must be filed with the Oklahoma Secretary of State to renew an LLC there. The report can be submitted online or by mail. Visit the Oklahoma Secretary of State website and input the business ID number and PIN for your LLC to file documents online. Any required information updates and filing fees will be requested of you.
You can obtain the yearly report form from the Oklahoma Secretary of State website if you’d rather mail your submission. Complete the form, include the filing fee, and mail it to the address on the form.
In Oklahoma, renewing an LLC costs $25. When submitting the yearly report, this charge must be paid. A $50 late fee will be imposed if you don’t submit the report by the deadline. To avoid any additional fines or problems with your LLC’s status, it’s crucial to submit your annual report on time.
In conclusion, it is needed by law for your LLC to file an annual report in Oklahoma. Late costs and ultimately LLC dissolution may come from failing to submit the report by the due date. Make sure to submit your annual report by the end of the anniversary month in which your LLC was established to prevent any complications.
The Oklahoma Secretary of State requires all LLCs conducting business in Oklahoma to file an Oklahoma Franchise Tax Return.