Any person who is at least 18 years old and resides in Oklahoma may serve as the registered agent. Additionally, the registered agent may be a legal business entity operating in Oklahoma. The LLC cannot act as its own registered agent, nevertheless.
Unless it elects to be taxed as a corporation, an LLC is not treated as a separate entity for tax purposes. Instead, the LLC’s profits and losses are transferred to the owners’ individual tax returns. Therefore, a 1099 form is not sent to the LLC directly. However, if the LLC paid a vendor or contractor more than $600 during the tax year, it must send that person or company a 1099-MISC form.
The LLC can still be obliged to file a tax return even though it had no income during the tax year. If the LLC only has one member, it is regarded as a disregarded entity for tax purposes, and any profits or losses must be reported on the owner’s personal tax return. If the LLC has multiple members, it must submit a partnership tax return, and each member is responsible for disclosing their individual portion of any income or loss.
What Can I Deduct as an LLC As a Result? As an LLC, you are able to write off all usual and necessary costs incurred while conducting business. This covers outlays on things like rent, utilities, office supplies, travel, and marketing. Along with employee salaries and wages, you can also deduct the cost of any equipment or property used by the business.
In conclusion, even though an LLC cannot act as its own registered agent in Oklahoma, a person or company that is permitted to conduct business in Oklahoma may serve as the registered agent. Even though an LLC did not produce any money, it may still be required to file a tax return because it is not taxed separately. As an LLC, you are able to write off all usual and necessary costs incurred while conducting business.