Oklahoma Corporation Formation: A Step-by-Step Guide

Are you ready to start a business in Oklahoma? Forming a corporation is a crucial step in the process. In this guide, we'll walk you through the necessary steps to form an Oklahoma corporation.

Step 1: Choose a Business Name

Before you can form your corporation, you'll need to choose a business name that is unique and not already in use by another business in Oklahoma. You can search for available business names using the Oklahoma Secretary of State's website.

Step 2: Appoint Initial Directors

You'll need to appoint at least one initial director who will serve until the first annual meeting of shareholders. The initial directors will be responsible for overseeing the corporation's affairs until the first annual meeting.

Step 3: Prepare and File Articles of Incorporation

The articles of incorporation are the legal document that formally creates your corporation. You'll need to prepare and file the articles with the Oklahoma Secretary of State's office. The articles must include certain information, such as the corporation's name, address, and purpose.

Step 4: Obtain a Federal Tax ID Number

You'll need to obtain a federal tax ID number, also known as an Employer Identification Number (EIN), from the Internal Revenue Service (IRS). This number will be used to identify your corporation for tax purposes.

Step 5: Hold an Organizational Meeting

After your corporation is formed, you'll need to hold an organizational meeting to elect officers, adopt bylaws, and take care of other initial business.

Step 6: Issue Stock

If your corporation is a publicly traded company, you'll need to issue stock to raise capital. If your corporation is a privately held company, you may not need to issue stock.

Step 7: File Annual Reports

As a corporation, you'll need to file annual reports with the Oklahoma Secretary of State's office. The annual report must include certain information, such as the corporation's name, address, and officers.

Step 8: Comply with Oklahoma Business Laws

As a corporation, you'll need to comply with certain Oklahoma business laws, such as the Oklahoma Business Corporation Act.

By following these steps, you'll be well on your way to forming a successful corporation in Oklahoma. Remember to consult with an attorney or other professional to ensure that you're in compliance with all applicable laws and regulations.