Oklahoma Business Incorporation Package to Incorporate Corporation
What is this form package?
The Oklahoma Business Incorporation Package is designed to simplify the process of forming a corporation in the state of Oklahoma. This comprehensive package includes all the necessary legal forms required for incorporation, as well as a step-by-step guide that outlines each stage of the incorporation process. Unlike other packages, this one also provides additional forms needed after incorporation, including organizational minutes, by-laws, and IRS tax forms, ensuring you have everything you need to maintain your corporationâs compliance.
Documents contained in this package
- Certificate of Incorporation and Procedures - Domestic For-Profit Corporation
- Oklahoma Bylaws for Corporation
- Annual Minutes
- Notices, Resolutions, Simple Stock Ledger and Certificate
- Minutes for Organizational Meeting
- Sample Transmittal Letter to Secretary of State's Office to File Articles of Incorporation
- Application of Name Reservation
- Election of 'S' Corporation Status and Instructions - IRS 2553
- I.R.S. Form SS-4 (to obtain your federal identification number)
Common use cases
This form package is ideal for individuals or groups looking to establish a corporation in Oklahoma. Use this package when:
- You are starting a new business and want the liability protection that a corporation provides.
- You wish to take advantage of the tax benefits associated with forming a corporation, such as S corporation status.
- You need to create legal documents that comply with Oklahoma state laws for corporate formation and governance.
Who needs this form package
- Entrepreneurs planning to launch a new corporation in Oklahoma.
- Business owners looking for a structured legal framework to limit personal liability.
- Individuals seeking to apply for S corporation status to benefit from pass-through taxation.
Steps to complete these forms
- Review the forms included in the package carefully.
- Choose a unique name for your corporation and reserve it if necessary.
- Complete the Articles of Incorporation and any additional forms provided.
- File the completed forms with the Oklahoma Secretary of State along with the required fees.
- Conduct an initial board meeting to adopt by-laws and elect directors and officers.
- If applicable, make the S corporation election by filing IRS Form 2553 with the IRS.
Notarization details for included forms
Notarization is generally not required for forms in this package. However, specific circumstances or local laws may require it. You can complete notarization remotely through US Legal Forms, powered by Notarize, with 24/7 availability.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to reserve the corporate name before filing, leading to rejections.
- Not filing the necessary forms with the IRS for S corporation status in a timely manner.
- Neglecting to follow corporate formalities, such as holding annual meetings or keeping accurate minutes.
Why complete this package online
- Convenience of downloading all necessary forms in one package.
- Editability allows you to customize forms to suit your specific needs.
- Reliability and accuracy, as forms are drafted by licensed attorneys and updated regularly to reflect current laws.
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FAQ
The word "incorporated" indicates that a business entity is a corporation.A corporation or "Inc." is an entirely separate entity from its owners and shareholders. This is an important legal distinction since an incorporated business essentially becomes a separate "person" under the law.
Inc. is the abbreviation for incorporated. An incorporated company, or corporation, is a separate legal entity from the person or people forming it. Directors and officers purchase shares in the business and have responsibility for its operation. Incorporation limits an individual's liability in case of a lawsuit.
To form a corporation in Oklahoma, you must file a certificate of incorporation with the Secretary of State and pay a filing fee. The corporation's existence begins when you file the certificate. The minimum information that must be included in the certificate of incorporation is as follows: Name of the corporation.
Registered Office. Business Activity. Director's Details. Shareholders' Details. Shareholders' Details. Secretary Details (Not Compulsory) Person with Significant Control (PSC) Details Where the person is not a director, shareholder or secretary.
One of the main reasons to form a corporation or LLC for a small business is to avoid personal liability for the business' debts. As we mentioned earlier, corporations and LLCs have their own legal existence. It's the corporation or LLC that owns the business, its assets, debts, and liabilities.
Business Name Reservation Form (Corps and LLCs) Articles of Incorporation (Corps only) Articles of Organization (LLCs only) Corporate Bylaws (Corps only) Operating Agreement (LLCs only)
Under Domestic Organizations, select Domestic Profit Corporation. Enter your name and email address. Complete the Oklahoma Certificate of Incorporation. Submit and pay the filing fee.
Both types of entities have the significant legal advantage of helping to protect assets from creditors and providing an extra layer of protection against legal liability. In general, the creation and management of an LLC are much easier and more flexible than that of a corporation.
If you incorporate your small business, you can determine when and how you receive income from the business, which is a real tax advantage. Instead of taking a salary from the business when the business receives income, being incorporated allows you to take your income at a time when you'll pay less in tax.
