Oklahoma Professional Limited Liability Company PLLC Formation Package
What this document covers
The Oklahoma Professional Limited Liability Company (PLLC) Formation Package is a legal document designed for licensed professionals in Oklahoma who wish to establish a professional limited liability company. This form is required for the formation of a PLLC, distinguishing it from standard LLCs by emphasizing compliance with professional regulations specific to various licensed fields. It outlines essential company information, including name, purpose, duration, registered agent, and the necessity of documentation proving that members are licensed in their profession.
Key parts of this document
- Legal name of the PLLC including designations like P.L.L.C.
- Principal place of business address, which cannot be a P.O. box.
- Details about the resident agent for service of process.
- Purpose statement specifically indicating the professional services offered.
- Certificate from the regulating board confirming that all members are licensed professionals.
- Articles of organization which must be filed with the Secretary of State.
When to use this document
This form should be used when a group of licensed professionals, such as doctors, lawyers, accountants, or architects, decide to form a PLLC to provide their services. It is a key step for ensuring legal compliance and protecting personal assets from business liabilities. Use this form if you wish to limit personal liability while working collaboratively in your professional practice.
Who should use this form
Eligible users of this form include:
- Licensed professionals in Oklahoma seeking to establish a PLLC.
- Existing business entities that want to transition to a PLLC structure.
- Individuals who plan to collaborate with other licensed professionals within their field.
How to complete this form
- Choose a unique name for your PLLC that complies with naming regulations.
- Prepare and complete the Articles of Organization, ensuring all required information is included.
- Attach the required certificate from your professional regulating board.
- File two signed copies of the completed Articles of Organization with the Secretary of State.
- Pay the applicable filing fee to the Secretary of State.
- Consider drafting an Operating Agreement to outline the management structure and operations of the PLLC.
Notarization guidance
This form does not typically require notarization unless specified by local law. However, it is advisable to consult with your regulatory board or legal counsel to ensure compliance with specific professional regulations.
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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.
Typical mistakes to avoid
- Failure to verify the availability of the desired LLC name.
- Not including the certificate from the regulating board with the Articles of Organization.
- Listing a P.O. box as the principal place of business.
- Forgetting to specify the duration of the company, which can impact business operations.
Why complete this form online
- Convenience of downloading forms anytime and completing them at your own pace.
- Edit the forms to suit specific professional needs.
- Receive state-specific guidance tailored to Oklahoma's legal landscape.
Quick recap
- A PLLC is essential for licensed professionals to protect personal assets while conducting business.
- Certification from the relevant licensing board is a key requirement for forming a PLLC in Oklahoma.
- It is crucial to adhere to all state-specific regulations when completing the formation package.
- PLLC: Professional Limited Liability Company â a business structure allowing licensed professionals to protect their personal assets.
- Articles of Organization: A document filed with the state to legally form a PLLC.
- Registered Agent: An individual or entity designated to receive legal documents on behalf of the PLLC.
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FAQ
When you form a corporation or LLC, you need to pay a one-time filing fee to the state's secretary of state office. Arkansas, Colorado, Hawaii, Iowa, Oklahoma and Mississippi all boast the lowest corporation formation fee at $50. It costs $310 to incorporate in Texas.
The fees to the State of Oklahoma to start an LLC are $100 plus the credit card processing fee if you don't pay by another means. There's no way to spend less than the fees charged by the Secretary of State.
How much does it cost to form an LLC in Oklahoma? The Oklahoma Secretary of State charges a $100 fee to file the Articles of Organization. You can reserve your business name by filing an LLC name reservation for $10. Oklahoma LLCs are also required to file an Annual Certificate each year, the fee for which is $25.
How long does it take to get an LLC in Oklahoma? Filing the Articles of Organization takes 2 business days online and 7 to 10 business days by mail.
A certified public accountant (CPA) cannot provide legal advice, but can guide you through the paperwork and decision-making process of setting up an LLC for an average cost of $400-$900 or more, depending on location and complexity. That's in addition to state fees and expenses.
Regarding the management flexibility and taxation, a PLLC has the same advantages of an LLC. The difference between the two is that the PLLC has some restrictions on who may be a member of the PLLC and the limitation of liability of the members. With an LLC, anyone can be a member, or owner, of the business.
Any person can create an LLC without a professional help, but forming a company will still take some investment because of the required filing fees.You must be wary of companies that falsely claim a free LLC registration because mandatory state filing fees must still be paid.
A PLLC, or professional limited liability company, is a special type of LLC that may only be formed by licensed professionals for the purpose of rendering professional services. While this is not required, doing so can be beneficial for tax, liability, financing, and other reasons.
Members of a PLLC aren't personally liable for the malpractice of any other member. PLLC members are not personally liable for business debts and lawsuits, such as unpaid office rent. The PLLC can choose to be taxed as a pass-through entity or as a corporation.
