Form Oklahoma LLC- Limited Liability Company
Form Oklahoma Limited Liability Company
Establishing your business as a Limited Liability Company or LLC in Oklahoma gives you the opportunity to set up a legal presence in the state. Oklahoma satisfies the necessary conditions for business planning and allows you to use your organization as a stage for interstate operations. The state also provides public support to a State LLC or Limited Liability Company.
Documents to Form Oklahoma LLC
The minimum documents required to file an LLC in Oklahoma are:
- Certificate of Formation
- Articles of Organization
- Federal Tax Identification Number
- LLC Operating Agreement
- Registered Agent
a. Advantages and Disadvantages of forming an LLC in Oklahoma
Under the Oklahoma laws of forming an LLC, the owner and the board members have the limited liability protection of an organization. An LLC in Oklahoma can choose varying forms to distribute profits of the organization and enjoys the freedom of keeping corporate minutes or resolutions, unlike a corporation. The Oklahoma LLC formation laws also give you the opportunity to avoid individual tax and double taxation.
An LLC in Oklahoma will dissolve with the death of its owner or undergoing bankruptcy. To maintain an LLC in Oklahoma, the owner has to do a lot of paperwork, file the names of the initial members of the organization and prepare biennial tax documents.