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To form an Oklahoma S corp, you'll need to ensure your company has an Oklahoma formal business structure (LLC or corporation), and then you can elect S corp tax designation. If you've already formed an LLC or corporation, file Form 2553 with the Internal Revenue Service (IRS) to designate S corp taxation status.
It's totally possible. Your business can be comprised of only you?provided you get along well with yourself. You can be the CEO, Treasurer, Secretary, and the only shareholder of the company.
Although actual requirements can vary depending on the state, they typically involve the following: Select a state of incorporation. ... Choose a business name. ... File incorporation paperwork. ... Appoint a registered agent. ... Prepare corporate bylaws. ... Draft a shareholders' agreement. ... Hold the first board meeting. ... Get an EIN.
Step-By-Step Startup StructureCostTimeOklahoma Corporation Click for step-by-step instructionsIncorporation: $50 for up to $50,000 authorized shares + optional $25 expedite fee for in-person same-day serviceIncorporation: ~7-10 business days by mail. ~1 business day online or when filed in-person with $25 expedite fee.2 more rows
To start a corporation in Oklahoma, you'll need to do three things: appoint a registered agent, choose a name for your business, and file a Certificate of Incorporation with the Secretary of State. You can file this document online, by mail, or in person. The certificate costs a minimum of $50 to file.