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Incorporation >> Incorporation in US States
Article 18 of the statutes of the state of Oklahoma declares that except for single operators and those who express their exclusion, all companies must be incorporated to be able to operate within the state. Incorporation provides many benefits for organizations such as limited liability protection for its owners, preferential tax treatment and more flexibility with their management structure and operation.
The third step is the appointment of an incorporator. This individual signs all documents for the organization up until it receives its article of incorporation.
The final step is the application form. These forms are nature specific and differ according to the type of organization you hope to create. However, they basically require information on the name and address of the company and its agent, the purpose of the organization and its share distribution.
Oklahoma Incorporation
Article 18 of the statutes of the state of Oklahoma declares that except for single operators and those who express their exclusion, all companies must be incorporated to be able to operate within the state. Incorporation provides many benefits for organizations such as limited liability protection for its owners, preferential tax treatment and more flexibility with their management structure and operation.
How to incorporate in Oklahoma
Incorporation is an easy process especially in Oklahoma. The process involves four simple steps that can be expedited quickly once all your information is properly prepared. The first step entails giving the company a name. This name must be unused and capable of passing the state’s name check test. In must have affixed to it the word company, corporation, incorporated or limited to declare its status. Applicants should choose more than one name, should the original fail. Once approved, the name is stored in the state archives for a period of 60 days during which applicants continue to process their applications. For this service, a small fee of $10 is charged. If the name is not used within this period, it is removed from the system. The second step is choosing an agent. This agent is the voice and contact person of the organization. They handle all correspondence between the Secretary of State and the company. At all times, they must make themselves available to answer any questions that the state may have about the company.The third step is the appointment of an incorporator. This individual signs all documents for the organization up until it receives its article of incorporation.
The final step is the application form. These forms are nature specific and differ according to the type of organization you hope to create. However, they basically require information on the name and address of the company and its agent, the purpose of the organization and its share distribution.
Fees
Processing fees start at $50 per applicant and take a period of 2 to 3 weeks. Express services attract additional fees, but can be completed in 1 to 5 business days. The final cost is also attached to the amount of shares distributed by the company.