Even though it can be a difficult process, Oklahoma law requires that you close an LLC if you no longer desire to run your company. You must take a number of actions, including alerting the state, paying back taxes and debts, and submitting the required paperwork. The procedures you must follow to close your LLC in Oklahoma are outlined in this article.
Dissolving your LLC is the first step in Oklahoma to closing it. The Oklahoma Secretary of State will accept a Certificate of Dissolution in order to do this. The name of your LLC, the dissolution date, and a declaration that your LLC has settled all outstanding debts and obligations must all be included in this document. The filing price for this document is $50, and you may submit it either online or by mail.
Step 2: Inform the IRS
When you dissolve your LLC, you must let the IRS know that you are no longer in operation. On your final tax return, you can accomplish this by checking the box that says your business is closed. Additionally, you must cancel your Employer Identification Number (EIN) by sending a letter to the IRS stating the legal name of your LLC, the EIN, and the reason for the closure.
Step 3: Removing business permits and licenses You must revoke any Oklahoma business licenses or permits that your LLC may have. You can do this by getting in touch with the organization who issued the license or permission and adhering to their cancellation policies.
Closing Your Business Bank Account (Step 4) In order to avoid further penalties or charges, you must lastly cancel the business bank account for your LLC. Before closing the account, you should take out all remaining funds and settle any unpaid invoices or debts.
You can file a Certificate of Amendment with the Oklahoma Secretary of State if you need to change the address of your LLC in that state. The name of your LLC, the old address, and the new address must all be listed on this paper. The filing price for this document is $50, and you may submit it either online or by mail.
An Oklahoma LLC must pay a filing cost of $100. When you submit your articles of organization to the Oklahoma Secretary of State, you must pay this charge. In Oklahoma, obtaining an EIN number
You can submit an application by mail or online through the IRS website to obtain an EIN number in Oklahoma. The legal name, address, and other identifying details of your LLC must be provided. Applying for an EIN doesn’t cost anything.
An individual, organization, or LLC that has been chosen to receive legal documents and other critical correspondence on behalf of your LLC is known as the registered agent in Oklahoma. The registered agent must be readily accessible during regular business hours and have a physical address in Oklahoma. You have the option of acting as your own registered agent or working with a reputable registered agent firm.