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There are also no fees involved with forming or maintaining this business type. If you want to operate an Oklahoma sole proprietorship, all you need to do is start working. However, just because it's so easy to get started doesn't mean there aren't some additional steps you should take along the way.
If you are forming an LLC, partnership, non-profit, etc., you must file your business with the Oklahoma Secretary of State. As a registered business, you can legally sell goods or services in Oklahoma.
Filing for a DBA allows the company to register their secondary name with the state and makes the name a fully legal name for operating purposes. A business is not required to register a DBA in Oklahoma. However, doing so will secure the business' exclusive right to use a name within the state.
You don't have to register your Sole Proprietorship with the Oklahoma Secretary of State. It simply exists once you decide to start a business and engage in business activities. However, if your Sole Proprietorship will use a DBA (aka Fictitious Name), then that needs to be filed with the Oklahoma Secretary of State.
In the case of a sole proprietorship, you declare your profit and loss on Schedule C of Form 1040. But, to file Schedule C, you'll have to qualify first. The conditions to qualify are: Your goal is to engage in business activity for income and profit.
In Oklahoma, there is no general license required to start or own a business. However, for specific types of businesses and occupations, licenses, permits, or special registrations and filings may be required before opening or operating.
Though no action is required to legally create a sole proprietorship, you should follow four simple steps to start your business: Choose a business name. File a trade name with the Secretary of State (SOS). Apply for licenses, permits, and zoning clearance.