If you own a limited liability company (LLC) in Oklahoma, then you have several requirements outlined by the state. One of those is the filing of an annual report.
LLCs need to file this report annually, unlike the biennial reports commonly required in several other states. Please note that the annual report is known as the Annual Certificate in Oklahoma.
Below, we will discuss what an annual report is, what is needed to file it and how to do so.
An LLC annual report is a common filing for businesses of all types in states across the country. It’s a simple way for the state to track the status of your business. It’s used to share specific data about your business with the state. It also provides a public disclosure of your business information and conditions.
The details are available for state officials and the public and the filing cost for an LLC Annual Certificate in Oklahoma is $25.
The requirements for filing your Annual Certificate in Oklahoma are fairly straightforward. Here is what is required in the form, which is available online.
There are some pieces of information that are commonly required in annual report filings in other states. However, in Oklahoma, these items are NOT required:
Filing an Annual Certificate in Oklahoma requires gathering some details and filling out a simple form. There are some important rules to remember to ensure that your Annual Certificate is filed correctly.
Every domestic and foreign LLC doing business in Oklahoma has to file an Annual Certificate every year with the Office of the Secretary of State. The due date for the filing is the anniversary of its original registration with the state.
Many Oklahoma LLCs choose to file their Annual Certificate online via the Oklahoma state government website. To file online, you follow these steps:
You may choose to file your Annual Certificate information online. If you do so, you’ll download the form from the state’s website.
Fill in the Form with the Above Information Requirements
If you choose to file the Annual Certificate form yourself, be sure to complete all of the information required above. Once complete, you can mail the form to:
Oklahoma Secretary of State
421 N.W., Suite 210
Oklahoma City, OK 73103
Many LLCs in Oklahoma choose to use a compliance service to ensure that your Annual Certificate and other important documents are filed accurately and on time. An annual compliance service has several advantages that can make it a compelling option for business leaders. Here are some of the core advantages to using a compliance service:
In Oklahoma, your business could face certain consequences by not filing.
There are no fees or fines levied by the state of Oklahoma for not filing your Annual Certificate. However, there are still consequences.
Oklahoma LLCs that fail to file within 60 days of the deadline are no longer considered to be in good standing with the state. That indication is reflected in the Secretary of State’s public records.
An LLC that fails to file an Annual Certificate for three years could be dissolved by the Secretary of State. That means your business loses both the right to operate within the state of Oklahoma and all liability protection. It is also likely to make it difficult to secure bank loans or investor financing.
If your business is dissolved, you can reinstate it by filing an application for reinstatement with the state.
The Annual Certificate filing is a necessary part of doing business in Oklahoma. While the steps are simple, it’s a smart choice to use a compliance service to ensure that you are compliant with all the details and deadlines necessary to remain in good standing with the state.
This portion of our website is for informational or educational purposes only. Tailor Brands is not a law firm, and the information on this website does not constitute legal advice. All statements, opinions, recommendations, and conclusions are solely the expression of the author and provided on an as-is basis. Accordingly, Tailor Brands is not responsible for the information and/or its accuracy or completeness. It also does not indicate any affiliation between Tailor Brands and any other brands, services or logos on this page.
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