To avoid any legal or financial problems, it’s crucial to maintain your limited liability corporation (LLC) if you created one in Oklahoma. Checking with the Oklahoma Secretary of State’s office is one of the first things you should do to make sure your LLC is operational. Here is how to go about it:
1. View the website of the Oklahoma Secretary of State. You can use the online search function on the Oklahoma Secretary of State’s website to determine the status of your LLC. To access the information, you must provide the name or entity number of your LLC.
You can view your company’s current status after entering your LLC’s name or entity number. When your LLC is functioning, the status will read “Active.” The status will reflect any of those events, whether it is inactive, dissolved, or revoked.
If you discover that your LLC is inactive, you should act right once to restore it to good standing. To restore your LLC, you might need to submit papers to the Oklahoma Secretary of State’s office. A company attorney could be useful because the procedure can be complicated.
4. Obtain a “Award of Good Standing” You can ask the Oklahoma Secretary of State’s office for a Certificate of Good Standing if you need to provide evidence that your LLC is in good standing. This document attests to the fact that your LLC has satisfied all state standards and is legitimate to conduct business in Oklahoma.
Fees for an Oklahoma LLC filing Depending on the kind of company you are forming, the filing fee for an Oklahoma LLC varies. Currently, an LLC must be filed for $100. A $25 annual report fee is furthermore due to the Oklahoma Secretary of State’s office. Every year on the anniversary of the creation of your LLC, you must pay this charge.
You must renew your Secretary of State registration every year in order to keep your LLC in good standing. In order to do this, you must submit an annual report and pay a $25 charge. Penalties and even the termination of your LLC status may result from failing to renew your registration.
To avoid any legal or financial concerns, it is crucial to keep your LLC in good standing. Maintaining your company’s current status in Oklahoma requires checking the status of your LLC, acquiring a Certificate of Good Standing, and renewing your Secretary of State registration.
Although an operating agreement is not required for LLCs in Oklahoma, it is strongly advised because it spells out the duties and rights of the members and helps to avoid disputes.