Starting an LLC in Oklahoma comes with more costs than just filing the initial paperwork. But it doesn’t have to be as expensive as you think.
We explain all of the initial and ongoing Oklahoma LLC cost details below, as well as give you tips on how to save money.
How much does an LLC cost in Oklahoma?
It costs $100 to form an LLC in Oklahoma. This is a fee paid for the Articles of Organization.
You’ll file this form with the Oklahoma Secretary of State. And once approved, your LLC will go into existence.
In addition to this LLC filing fee, there are other costs to be aware of when forming an Oklahoma LLC (Limited Liability Company).
Costs to forming an Oklahoma LLC
There is a $100 one-time state filing fee to form an Oklahoma LLC.
There are also ongoing fees (like a $25 Annual Certificate fee), which we discuss below.
LLC Costs in Oklahoma
|Registered Agent||$0 or $125 per year|
|Articles of Organization||$100|
|Operating Agreement||$0 (free on our site)|
|EIN Number||$0 (free through IRS)|
|Annual Certificate||$25 (every year)|
|Taxes||varies (filed and/or paid every year)|
Oklahoma LLC Articles of Organization Filing Fee ($100)
Starting an LLC costs $100 in Oklahoma. This is the state filing fee for a document called the Oklahoma Articles of Organization.
The Articles of Organization are filed with the Oklahoma Secretary of State. And once approved, this is what creates your LLC.
The $100 fee is a one-time fee. You don’t have to pay any monthly (or annual) fees to start your Oklahoma LLC.
Note: LLCs are the most common business structure used in Oklahoma. They are the most popular business entity because they offer liability protection for the LLC owners.
Depending on the state, the Articles of Organization form is sometimes called a Certificate of Organization or Certificate of Formation. Articles of Organization is the most common name – but they all mean the same thing: the form used to create your LLC.
Oklahoma business name cost ($0)
Naming your Limited Liability Company doesn’t cost anything. Your Oklahoma LLC Name is approved (at no extra cost) when your Articles of Organization filing is approved by the state.
You may have read online that LLC Name Reservations are required. However, this is not true in most states. Most states don’t require a Name Reservation to form an LLC. You don’t need to pay a Name Reservation fee to start your LLC in Oklahoma.
How much does a DBA cost? ($50)
A DBA is filed with the state or the county. In Oklahoma, a DBA costs $50.
Note: A DBA is sometimes called a Trade Name, Fictitious Name, Assumed Name or Fictitious Business Name. They all mean the same thing.
Tip: You aren’t required to get a DBA for your LLC. It’s optional. For more information, read our article: Do I need a DBA?
Oklahoma Registered Agent Fee ($0 or $125/year)
Oklahoma law requires that you designate a Registered Agent when forming your LLC.
An Oklahoma Registered Agent is a person or company who receives legal documents and state notices for your LLC. A Registered Agent needs a street address in the state and should generally be available during normal business hours.
There is no additional cost if you will be your own Registered Agent, or have someone you know be your LLC’s Registered Agent.
However, you have the option of hiring a Registered Agent service. This will cost you between $100 to $300 per year. But Registered Agent service companies offer other helpful business services and can protect your privacy.
Hiring a Registered Agent service is a good idea if:
- You don’t have an address in the state (Oklahoma law requires Registered Agents to have a physical address in the state
- You want to keep your address off public record (depending on which company you hire, you may be able to use their address to keep your address private)
LLC Operating Agreement Fee ($0)
An Oklahoma LLC Operating Agreement is a written contract between the LLC Members. Operating Agreements include detailed information about LLC ownership, how the LLC is managed, and how profits are distributed.
Single-Member LLCs and Multi-Member LLCs should draft an Operating Agreement, keep it with their business records, and give a copy to each Member.
Most websites charge $50 to $200 for an Oklahoma LLC Operating Agreement.
Here at LLC University®, we offer free LLC Operating Agreement templates for all types of LLCs.
LLC EIN Number Fee ($0)
An EIN Number is also known as an Employer Identification Number (EIN) or a Federal Employer Identification Number (FEIN).
This number is used to file income taxes, to open an LLC bank account, and to hire employees (if applicable).
Although many websites charge a service fee to get an EIN for your LLC, it can actually be done for free.
You can obtain an EIN for your LLC from the Internal Revenue Service (IRS) at no cost. The online filing can be completed in a few minutes.
Oklahoma LLC Annual Certificate Fee ($25/year)
Oklahoma requires you to keep your LLC’s information up to date by filing an Annual Certificate.
This keeps your OK LLC in good standing and in compliance with state law so it can continue operating. You simply confirm the information on the Annual Certificate, file it with the Oklahoma Secretary of State, and pay the Annual Certificate fee.
The Oklahoma LLC Annual Certificate costs $25 per year. These Oklahoma LLC fees are paid every year for the life of your LLC. And the Annual Certificate filing fee applies to all Oklahoma LLCs.
Note: In most states, this is called an “Annual Report”. You might hear the Oklahoma Annual Certificate called an Annual Report too, but don’t worry: they mean the same thing.
Oklahoma Business License and Permit Fees (varies)
Depending on where your LLC does business in Oklahoma and the industry you’re in, you may need to obtain additional Business Licenses or Permits. For example, you may need to get a City Business Permit.
The costs for these other business licenses or permits will vary depending on location and industry, but usually the fees are not very high. Some licenses and permits are issued at the state level, and others are issued by a municipality (the town, city, or county).
LLC Taxes (varies)
There are many different types of Oklahoma LLC taxes that owners must pay, so this annual cost varies widely.
Some of the taxes LLC owners pay include:
- Federal taxes
- State income tax
- Local income tax
- Business taxes
- Franchise tax
- Self-employment taxes
- Sales and use tax
- Payroll tax (if you have employees)
- Property tax (if the LLC owns property)
Your Oklahoma LLC taxes depend on your industry and amount of business activity, so we’re not able to provide an estimate. Every business is different, and your specific circumstances determine what taxes apply to your LLC.
Check with the Oklahoma Tax Commission for more information about how a business owner in Oklahoma files personal tax returns.
Hiring an Accountant
How much your small business pays in taxes is best determined by working with a qualified accountant in Oklahoma.
The amount you’ll pay your accountant will vary. However, most accountants will charge $300 per year for a simple tax return, or up to $900 for more detailed filings.
Note: We recommend speaking with a few accountants in Oklahoma to make sure they can help you meet all of your federal, state, and local tax obligations. We offer detailed tips on How to Find an Accountant.
Oklahoma Secretary of State
If you have any questions about the cost of opening an Oklahoma LLC, you can contact the Oklahoma Secretary of State.
Oklahoma LLC Cost FAQs
How much does it cost to open an LLC in Oklahoma?
It costs $100. This is the Oklahoma LLC filing fee for the LLC Articles of Organization (and this is a one-time filing fee).
Some LLCs may need a business license in Oklahoma. This depends on your industry and where your LLC is located. The cost of local business permits varies. And depending on what your LLC does, you may need to obtain business insurance (such as business liability insurance or other specific business insurance policies).
How much does an LLC in Oklahoma cost per year?
All Oklahoma LLCs need to pay $25 per year for the Annual Certificate. These state fees are paid to the Secretary of State. And this is the only state-required annual fee (sometimes it’s called the Oklahoma Annual Report fee). You have to pay this to keep your LLC in good standing.
If you hired a Registered Agent service, you’ll have an annual subscription fee to pay each year. This is usually about $125 per year.
Some LLCs may need a business license in Oklahoma. This depends on your industry and where your LLC is located. You’ll need to check with your municipality to see if there are any annual renewal fees for the business permit.
Should I hire an LLC formation service?
You aren’t required to hire a professional service company to form your Oklahoma LLC. You’re allowed to form your LLC yourself if you’d like.
However, if you want to save time and make sure your LLC is filed correctly, we recommend hiring Northwest Registered Agent.
Northwest Registered Agent has excellent customer service and they include Registered Agent services free for the 1st year. They also offer other services, like an Operating Agreement and filing your Annual Certificate.
Check out Best LLC Services for more suggestions.
Do I need to hire an attorney to form an LLC?
No, you aren’t required to hire an attorney to form your LLC in Oklahoma. You’re allowed to form your LLC yourself if you’d like.
However, some people may want to hire an attorney if their LLC has a complex ownership or management structure, has investors, or requires industry-specific documentation.
A business attorney usually charges between $800 and $2,500 to form an LLC.
How do I start an LLC in Oklahoma?
Here are the steps to starting an LLC in Oklahoma:
- Choose an LLC business name and make sure it’s available
- Choose who will be your Oklahoma Registered Agent
- File the Oklahoma Articles of Organization
- Complete and sign an LLC Operating Agreement
- Get a Tax ID Number (EIN) from the IRS
- Open an LLC bank account
- Check whether you need a business or sales tax license in Oklahoma
What’s the cheapest way to start an LLC?
You can get an LLC cheaply by filing your formation documents yourself. That way, you only pay the Articles of Organization filing fee and no other service fees to a company. You’ll also save money by being your own Registered Agent, and using our free LLC Operating Agreement template.
By forming your LLC yourself, being your own Registered Agent, and using our Operating Agreement template you can save over $400.
How long does it take to get an LLC in Oklahoma?
How long it takes to get an LLC in Oklahoma depends on how you file your Articles of Organization.
You can get an LLC in Oklahoma approved in 2-3 business days if you file online. On the other hand, filing by mail takes about 5-7 business days (plus mail time).
How much does an Oklahoma business bank account cost?
It varies. Some banks charge monthly fees ($10 to $20 per month), but these can sometimes be avoided by meeting certain requirements. For example, if you make a certain number of direct deposits or maintain a specified minimum balance, then they’ll waive the monthly fees.
And you might be able to find a bank that doesn’t charge any monthly fees.
Before you open your LLC business bank account, we recommend calling and asking if there are ways to avoid the monthly maintenance fees.
How much does it cost to register an Oklahoma Foreign LLC?
A Foreign LLC is an LLC formed in another state that must register (aka Foreign Qualify) in Oklahoma. This is because the LLC is doing business in both states.
The Oklahoma Foreign LLC cost is $300.
If you form an LLC in Oklahoma, it is called an Oklahoma “Domestic LLC”. If you formed your LLC in another state, it would be a Foreign LLC once you register it in Oklahoma.
Is Oklahoma a good state for an LLC?
Yes, Oklahoma is a great state to start a business. Oklahoma doesn’t charge a state business license fee, has quick approval times and helpful representatives at the Secretary of State if you have questions.
However, the most important factors in deciding where to start a business are where you live and where you’re doing business.
Meaning, if you live in or do business in Oklahoma, then you should start your business in Oklahoma. While many websites talk about tax rates and advantages of certain states, none of that applies if it’s not the state where you live and do business. And just because a certain state has cheaper LLC fees doesn’t mean it’s a good idea to form your LLC there.
For example, if you form an LLC in Delaware, but live in and conduct business in Oklahoma, you’ll also need to register your Delaware LLC in Oklahoma (and pay fees). And you’ll end up paying Oklahoma taxes anyway. This ends up leading to more costs and more headaches with no advantages.
In summary, if you are an Oklahoma resident, then yes, Oklahoma is the best state to form an LLC. If you don’t live in and do business in Oklahoma, then no, Oklahoma probably isn’t a good state to start an LLC.