If you're looking to start a business in Oklahoma, one of the key steps is filing an Oklahoma Certificate of Incorporation. This article will walk you through the filing process, step-by-step.
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Before diving in, it's important to understand what a Certificate of Incorporation is and what its purpose is. In Oklahoma, this document is known as Articles of Incorporation. This is a legal document that sets out your corporation's basic information, including its name, purpose, and registered agent.
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Step 1: Choose a Name
Before filing your Articles of Incorporation in Oklahoma, you'll need to choose a name for your company. This is an important step that should be carefully considered, as it will affect your brand for years to come. Check the [Oklahoma Secretary of State's Business Entity Search] to make sure that your desired name is available.
Step 2: Check Eligibility
Make sure that your business plan aligns with Oklahoma incorporation requirements. There are certain restrictions in Oklahoma as to the name, type, and purpose of corporations, so be sure that you meet the eligibility criteria. The following types of businesses aren't eligible to incorporate in Oklahoma:
* Churches or religious organizations
* Public utilities
* Savings and loan associations
* Insurance companies
* Universities
Your business must also have one or more owners, known as shareholders.
Step 3: Choose a Registered Agent
Every corporation in Oklahoma needs to have a registered agent. A registered agent is an individual or company responsible for receiving legal documents on behalf of your corporation. In some cases, you can act as your own registered agent, but it's generally preferred to use a professional service for this role.
When choosing your registered agent, make sure they have a physical address within the state of Oklahoma. They must be available during business hours to receive and sign for documents.
Step 4: Determine Your Articles of Incorporation Structure
You can find structures for your Articles of Incorporation in the [Oklahoma Statutes - Title 18 Section 1012.1]. The document generally includes the following sections:
* Name of the corporation
* Registered agent name and address
* Purpose
* Number of shares the corporation is allowed to issue
* Manner of issuing stock
* Indemnification limitation for directors and officers
* Other necessary information
Step 5: File Your Articles of Incorporation
Once you have all the necessary information gathered, it's time to actually file your Articles of Incorporation. You can file your Articles of Incorporation online by visiting the [Oklahoma Secretary of State's website].
Step 6: Take Care of Ancillary Requirements
After filing your Articles of Incorporation with the Oklahoma Secretary of State, you'll need to take care of a few other requirements:
* Obtain an EIN number - you can do this through the IRS website or by mail
* Apply for any necessary licenses and permits
* Register to do business in other states where you plan to operate
* Draft corporate bylaws
Each of these ancillary requirements is important for you to be in compliance with Oklahoma laws. Be sure to complete these as soon as possible to prevent delays in launching your business.
Next Steps: Getting Your Oklahoma Certificate of Incorporation Approved
The approval of your Oklahoma Certificate of Incorporation usually occurs around 10 days after you submit it, provided there are no glitches. The Oklahoma Secretary of State will issue you a Certificate of Incorporation.
Conclusion
Overall, filing an Oklahoma Certificate of Incorporation is a straightforward process if you take all necessary precautions to ensure eligibility, choose the right business structure, and file the correct forms correctly. Remember to complete the ancillary requirements after your certificate of incorporation is approved to install each critical detail of the corporation designed to make everything business simple, stress-free.
Good luck with filing your Oklahoma Certificate of Incorporation!
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