Incorporate Your Business in Oklahoma Online! Oklahoma Incorporation and LLC Formation in all States

INCORPORATE IN OKLAHOMA ONLINE! OFFERING ASSISTANCE IN FORMING OKLAHOMA CORPORATIONS, LIMITED LIABILITY COMPANIES

There are several issues that you should consider when determining the legal structure of your business. First, to what extent will you be personally at financial and legal risk? Second, who will have the controlling interest in the business? Third, how will the business be financed? There are advantages and disadvantages to each legal structure. As a new business entrepreneur, you should examine all the characteristics and determine which is best suited to your needs.

When incorporating in Oklahoma with Coddan, we not only file your articles of incorporation with the Oklahoma Secretary of State, but we also prepare customized bylaws and director resolutions. We can also obtain your Federal Tax ID Number (EIN) and provide other customized services for your Oklahoma corporation. When forming a new Oklahoma corporation, Coddan makes the process fast, easy, and affordable. Upon ordering, we will prepare and file the Articles of Incorporation on behalf of your company. When you choose us to incorporate in Oklahoma, your documents will be filed to the Secretary of State for expedited processing. Incorporating allows an individual or group of individuals to act as one. This is much like the partnership, but it protects each owner from responsibility for liabilities of other owners by absorbing these liabilities. A corporation is essentially an artificial person created and operated with the permission of the state in which it is incorporated. It's a person, but only on paper. It is brought to life when an incorporator files a form known as articles of incorporation with a state. Owners of a corporation are shareholders. The corporation owns all the business assets and operates the business on behalf of the shareholder(s), under the shareholder's total control. This separation provides legal distinction between the business and the owner.
Incorporate in Oklahoma Online:   Free Name Check For Your Oklahoma LLC or Corporation | 

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Our company is specialized in business incorporation in Delaware, California, New York and Oklahoma, etc. Form a Corporation, Non-Profit or LLC in New York, Delaware or Nevada. We may help you to incorporate in Washington, Florida, California, Arkansas or Oregon. Coddan offers online USA company start-up services, including Delaware corporations and assists businesses incorporating in Oklahoma. Provides rush filing options, name reservation and all incorporation filings needed to form your corporation or an LLC. If you would like to incorporate your business online or have questions about the benefits of online incorporation for your business, this site offers many additional resources for researching online incorporation. It is possible to retain nominee officers and directors for your Corporation or nominee members and nominee managers for LLC, who are then listed on the public records. Coddan offers corporate members and directors or nominees to ensure full service to clients. It is not necessary for the officers and directors to be USA residents, nor is it necessary for the officers to be directors of the company. Don't know which type of Entity to form? Call one of our specialists for a FREE CONSULTATION today! Call 0-207-637-3802 or you can chat with one of our reps live online.

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Guide to Starting a Business Limited Company vs Sole Trader How and Why to Register a Trademark Tax Information for Limited Companies --- Find Best UK Prices & Packages --- Private Company Limited by Shares - £32.00 Public Company Limited by Shares - £52.00 Limited Liability Partnership - £125.00 Company Limited by Guarantee - £42.00 Flat Management Company - £42.00 Bearer Shares Company - £142.00 Holding Company - £52.00 UK Branch Office - £150.00 UK Place of Business - £150.00 Registered Office Address - £50.00 Nominee Secretary - £49.95 Nominee Director - £125.00 Nominee Shareholder - £100.00 Shelf Companies - £99.00 Private Company Limited by Shares - £32.00 Public Company Limited by Shares - £52.00 Limited Liability Partnerships - £125.00 Non-Profit Company - £42.00 Property Management Company - £42.00 Holdings Company - £52.00 Scottish Branch - £150.00 Scottish Place of Business - £150.00 Registered Office Address - £50.00 Nominee Secretarial - £49.95 Nominee Directorship - £125.00 Nominee Shareholders - £100.00 Shelf Companies - £99.00 Private Limited Company - £89.95 --- Find Offshore Fees and Packages --- Anguilla Offshore IBC - £580.00 Anguilla Offshore LLC - £680.00 Anguilla Offshore Trust - £1,480.00 Bahamas Offshore IBC - £1,500.00 BVI Offshore Business Company - £650.00 BVI Guarantee Company - £1,185.00 BVI Limited Partnership - £1,185.00 BVI Offshore Trust - £1,580.00 Belize Offshore IBC - £510.00 Belize Offshore Trust - £1,400.00 Cyprus Limited Company - £1,800.00 Cyprus Guarantee Company - £1,800.00 Cyprus Limited Partnership - £1,800.00 Private Trusts - e-mail us for fees Express Private Trusts - e-mail us for fees Resulting Trust - e-mail us for fees Constructive Trust- e-mail us for fees Implied Trusts - e-mail us for fees Charitable Trusts - e-mail us for fees Fixed Trusts - e-mail us for fees Discretionary Trust - e-mail us for fees Guernsey Limited Company - £1,950.00 Gibraltar Non-Resident LTD - £735.00 Hong Kong Limited Company - £920.00 Hong Kong Guarantee Company - £1,200.00 Hong Kong Limited Partnership - £1,200.00 Isle of Man Limited Company - £1,950.00 Jersey Limited Company - £3,150.00 Malta Limited Company - £3,500.00 Marshall Islands IBC - £750.00 Mauritius Limited Company Category 1 - £2,180.00 Mauritius Limited Company Category 2 - £950.00 Nevis Offshore IBC - £815.00 Nevis Offshore LLC - £915.00 Nevis Exempt Partnership - £1,100.00 Nevis Limited Partnership - £1,100.00 Nevis Exempt Company - £1,100.00 Nevis Private Company - £1,100.00 Nevis Public Company - £1,100.00 Panama Corporation - £875.00 Panama Foundation - £1,000.00 Panama Limited Partnership - £1,200.00 Seychelles Offshore IBC - £510.00 Seychelles Offshore PCC - £2,150.00 Seychelles Limited Partnership - £950.00 Seychelles Special Licensed Company - £2,250.00 St. Kitts Offshore IBC - £815.00 St. Kitts Exempt Partnership - £950.00 St. Kitts Limited Partnership - £950.00 St. Kitts Exempt Company - £950.00 St. Kitts Private Company - £950.00 St. Kitts Public Company - £950.00 St. Vincent and the Grenadines IBC - £680.00 --- Find Best Filing Fees for Corporations ---  Forming Delaware Corporation - £99.00  Setting Arkansas Corporation - £94.00  Registering California Corporation - £130.00  Incorporating Colorado Corporation - £121.00  Starting Florida Corporation - £94.00  Establishing Georgia Corporation - £198.00  Forming Idaho Corporation - £131.00  Setting Illinois Corporation - £213.00  Registering Kentucky Corporation - £105.00  Incorporating Louisiana Corporation - £149.00  Starting Michigan Corporation - £100.00  Establishing Montana Corporation - £116.00  Forming Nevada Corporation - £212.00  Setting New York Corporation - £143.00  Registering N. 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This section explains the procedure how to incorporate in Oklahoma as well as post incorporation operations. There is a big difference between filing articles of incorporation and incorporating. The procedure to incorporate in Oklahoma is similar to the incorporation process in other states, but not identical. Listen, we are glad you inquired about our services regarding the formation and registration of a company in the State of Oklahoma. In our experience, the most tax advantageous type of company for Non-Residents of the United States is the Limited Liability Company (in some Countries this is referred to as "Sociedad de Responsablidad Limitada"). Similar to a Sub Chapter S Corporation for Citizens of the U.S., in a Limited Liability Company, the earnings flow directly to the owners, thereby eliminating Corporate Income Taxes. A regular corporation would be subject to Federal Corporate Income Tax and State Corporate Income Tax. These combined rates can be as much as 40% of the Profits. If you want to become familiar with the description and the contents of Oklahoma business entities incorporation packages, offered by Coddan and to find above, what kind of service is included in this or that Oklahoma companies incorporation package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company incorporation within State of Oklahoma, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen. If you have questions please E-Mail or call us: 033 0808-0089 or +44 (0) 207.935.5171, fax: +44 207.504.3531.
How to Become a Company in the State of Oklahoma Click Here for More Details | 

With The Coddan, forming a company on the State of Oklahoma is a fast, easy and affordable process. We can help you through every step of the incorporation process. From choosing the plan that best fits the needs of your company, to acting as your Registered Agent, The Coddan is there to make the formation of your new company as quick and simple as possible. This enables you to focus your time on what matters the most, your business. Coddan provides helpful information and clarification as you form your corporation. There are many benefits that may result from Oklahoma incorporation, including important tax and additional financial advantages. As you plan your Oklahoma incorporation, you will need to consider Oklahoma corporation filing requirements, Oklahoma Articles of Incorporation, whether you will want to form a Oklahoma S corporation, and Oklahoma incorporation law. These issues are addressed in more detail as you complete your State of Oklahoma incorporation using the Oklahoma Incorporation Service. This includes relevant discussion of the following:

Name Clearance, Reservation and Registration
Incorporation (or Formation)
Qualification (or Registration)
Amendments and Restatements
Limited Liability Company Formation and Amendment
Limited Partnership Formation, Amendment and Termination
Mergers
Annual Report
Dissolution, Cancellation and Withdrawal
Assumed Business Name
Mail Forwarding Service
Obtain Employer Identification Number – EIN Application Form
Preparation of Subchapter S Election Application
Registered Office & Registered Agent Services<
Payroll and Tax Services
Notary & Apostille Legalization Services
The Benefits of Incorporating Your Business
Comparison of Corporations Versus Other Business Structures
Liability Issues and the Protection of Personal Assets
Electronic Filing, time and Cost Saving Opportunities as You Form Your Oklahoma Corporation

Forming a corporation in Oklahoma? Forming an Oklahoma corporation can be a relatively simple process. Oklahoma corporation registration requirements are addressed in more detail by Coddan Incorporation Service. As you start a Oklahoma corporation you will want to make sure your Oklahoma incorporation forms are in order, that you meet Oklahoma corporation filing and registration requirements, in addition to state and local licensing requirements, and that you file for the appropriate tax information. Our goal is to provide a wide range of quality services at the lowest possible price. Our services range from standard incorporation, LLC, & Non-profit business filings to full service filings, which include all federal & state registration requirements & elections. We guarantee that our prices are the lowest you will find anywhere for the service packages we provide. Our fee includes everything required to complete the LLC or Corporation process: file and record LLC Certificate of Formation (or Certificate of Incorporation) after checking name availability PLUS includes ALL standard state filing fee. Starting with basic incorporation services to reduce personal liability over concepts to reduce taxation up to very especial business licenses - we are your partners! Success starts right where you're standing. It's true. It is our mission to provide our customers with the most efficient and accurate service, focusing on quality and customer service, while maintaining a personal touch not found within this industry. What we do is creating a bridge between opportunity and success. Let us form your Corporation, Limited Liability Partnership (LLP) or Limited Liability Company (LLC) in the State of Oklahoma or the state of your choice.
Oklahoma Incorporation Package - £108.00! Oklahoma LTD (INC) Company Registration Packages & Costs  |  (Price Includes Standard State Filing Fee)

Generally, there are no restrictions on foreign ownership of a company formed in the United States. The procedure for a foreign citizen to form a company in the United States is the same as for a U.S. resident. It is not necessary to be a U.S. citizen or to have a green card to own a corporation or limited liability company formed in the United States. To receive pass-through profit distributions, a foreign citizen may form a limited liability company. In contrast, all profit distributions (called dividends) made by a C corporation are subject to double taxation. (Under U.S. tax law, a nonresident alien may own shares in a C corporation, but may not own any shares in an S corporation.) For this reason, many foreign citizens form a limited liability company instead of a C corporation.

1. Minimum Number of Incorporators - One or more. 2. Eligibility Requirements - None. 3. Duties - Delivering articles of incorporation to the Secretary of State for filing. 4. Listing Requirements - The name and address of each incorporator. 5. Corporate Purpose: Oklahoma allows a corporation to be formed for any lawful purpose(s). 6. Minimum Number of Directors - One or more. 7. Eligibility Requirements - The articles of incorporation or bylaws may list director qualifications. A director does not need to be a resident of this state or a shareholder of the corporation unless stated in the articles of incorporation or bylaws. 8. Listing Requirements - When incorporating in Oklahoma, directors are not required to be listed in the Articles. Either the articles or the bylaws may specify the number of directors. 9. Officers are not required to be listed in the articles of incorporation. 10. The articles must list the number of shares the corporation is authorized to issue, including certain information on classes and the par value of each share. info@ukincorp.co.uk

A foreign citizen may be a corporate officer and/or director, but may not work in the United States or receive a salary or compensation for services provided in the United States unless the foreign citizen has a work permit (either a green card or a special visa) issued by the United States. Some work permits allow a foreign citizen to work only for a sponsoring employer. Such work permits generally do not enable a foreign citizen to also work for a new, unrelated company formed by the foreign citizen. The foreign citizen would need to obtain a separate work permit to work for the new company. We do not provide USA immigration advice.
Oklahoma LLC Formation Package - £135.00! Oklahoma LLC Formation Packages & Costs  |  (Price Includes Standard State Filing Fee)

Please note » The prices payable for the items that you order are clearly set out in the web site. There will be no contract of any kind between you and us unless and until we receive payment from you. We are not able to guarantee that any such filing will be acceptable to Secretary of State, nor are there any contractual obligation upon us to do so. If Secretary of State rejects incorporation or other electronic filing, we will credit your account with a full refund and the contract between us will be made void. Secretary of State does not offer a cancellation facility for the incorporation of companies or the electronic filing of documents. We will be unable to cancel any such submission on your behalf and will not refund any payment you have made. All prices shown at Coddan Web Site are in Great British pounds. Credit cards are the preferred method of payment; we accept VISA, MasterCard and Delta. We can accept payment in UK Pounds Sterling, US Dollars, Euros, Australian Dollars and Canadian Dollars.

Live Help » Live Help is a real time "chat" feature which enables you to interact with a customer service representative without a phone call. Get answers to your questions while using our website. Clicking the "Live Help" button will start an on-line session with one of our representatives. Live Help is currently available during normal business hours. Outside of the above opening hours our business center will be closed. When you click on the button you will see an e-mail form that will allow you to send us a mail with your questions. Live Help is absolutely free! There are no hidden fees. We offer the service as a courtesy to our website visitors. Dear visitors, while having a chat session with a customer, we are frequently requested to give a piece of advice on tax planning or business structuring. We would like to inform you that it is against our principles to provide online advice pertaining to these issues. The points that may be covered during a session include service description, package or service price, navigation at our website, ways of making an order, methods of payment etc. Yet, if you wish us to provide you with advice on tax or business structuring, you should be aware that this service is chargeable. If you have questions please E-Mail or call us: 033 0808-0089 or +44 (0) 207.935.5171, fax: +44 207.504.3531.

OKLAHOMA LTD, INC., CORP., LLC - FORM A LIMITED LIABILITY COMPANY IN OKLAHOMA

You probably found this page because you're looking into the process of new business incorporation within the State of Oklahoma. While this is a complicated process, once you have a basic understanding of it, you can file for corporate status in under a week. There are a number of advantages to forming a corporation in Oklahoma. This is one of the best ways to protect individual members from financial liability in the event of a lawsuit or other complications. When you form a corporation, your business becomes a separate legal entity. Forming a corporation in Oklahoma can protect your personal assets from liabilities and debts incurred by the business. Generally, when you operate as a sole-proprietor or general partner you are not protected in this manner. Basically, your Oklahoma corporation is treated as a separate legal entity; capable of entering into contracts, opening accounts, and obtaining credit. Being incorporated can also add credibility to your image when dealing with potential clients and suppliers. Incorporation in Oklahoma may be exactly what you've been looking for.

Almost anyone can start a corporation in Oklahoma. In order to process your order for Oklahoma incorporation, we need some basic information about you and the type of business you intend to conduct. This information is used to file necessary documents such as Oklahoma articles of incorporation. Every corporation must maintain a registered agent in its state of filing. That is, your Oklahoma corporation must maintain a valid physical address within the state of Oklahoma. We are able to provide this optional service in all 50 states. After Oklahoma incorporation, you will be required to keep corporate records. Our customized corporation kits are a great way to record and organize important documents like corporate bylaws and minutes of meetings. These professional-quality corporation kits come with sample bylaws and minute sheets to help you keep proper records. Additionally, our corporate kits are customized for your business and embossed with your corporate name.

All our Oklahoma LLCs are general trading companies which include search name availability for your Oklahoma LLC. Preparation and filing of Certificate of Formation with state office. Our incorporation service and State filing fees. Certified Copy of the Certificate of Organization. Oklahoma Resident Agent for 12 months. Registered Address in the State of Oklahoma for 12 months. Delivery Certified Copy of the Certificate of Formation is delivered as hard copy by post. The following documents will be delivered via E-Mail: a professionally-prepared 20 page Oklahoma LLC Operating Agreement ready-for-signature (Word. format). Minutes or Consents Documentation of Organizational Meeting. THE FOLLOWING UPGRADES CAN BE ADDED TO THE ABOVE PACKAGE: 1. Nominee LLC Member for 12 months - £140.00 2. Nominee Operating Manger for 12 months - £140.00 3. Non-Standard Certificate of Organization (4-5 pages) - £60.00 4. Employer Identification Number (EIN) - £40.00 5. Domain Name Registration (.com or .us) for two years - £30.00 6. 888, 877, or 866 toll-free telephone numbers - £50.00 7. Apostilled Certificate of Good Standing - £125.00 8. Apostilled Certificate of Incorporation - £110.00 9. LLC Kit (seal is included) - £38.00 Monday - Friday: 9:30am to 17:30pm +44 (0) 207.935.5171 +44 (0) 800.081.1510 +44 (0) 289.099.8744 info@ukincorp.co.uk

How does Coddan help me with Oklahoma incorporation? In addition to our free help library, Coddan provides incorporation services in Oklahoma starting at £108.00, including state fees. These fees include the complete service- from name availability search, to document execution and filing. Once you place your order, we take over and get your business started.
You May Use This Link to Select a Oklahoma Ready-Made Company List of Oklahoma Off The Shelf Companies | 

There are also tax incentives to Oklahoma companies formation. If you file for a standard, or C corporation, you can write off things like employee health and dental benefits. In some cases, this incorporation allows business owners to be treated as employees. This is advantageous for programs like profit sharing, benefits, health care, pension plans and disability insurance.

Oklahoma companies registration is a process that is reviewed by the Oklahoma Secretary of State. This office reviews your corporate information and assesses your validity as a business entity in the state. In many cases you will also need to apply for a tax identification number with the Internal Revenue Service. This number is necessary to open most corporate bank accounts. If you are operating a corporation from another state you will also need to find a registered agent. This is a person or company that is responsible for receiving correspondence and other material on behalf of the corporation. There are other additional requirements for complying with state business regulations.

There are a number of different reasons to incorporate Oklahoma businesses. You not only protect yourself from financial responsibility and legal liability, but you also receive several tax incentives as well. If you and your partners are in business together, Oklahoma corporation filing can protect you from having your personal bank accounts subject to lawsuits and other judgments against you. Nothing is worse than living in fear of a lean on your property and other assets. When you incorporate Oklahoma businesses, you also protect yourself from your business partners' bad decisions. When you partners make mistakes in the name of the corporation, you are not held personally responsible for their errors. The corporation process is a way to create a separate entity for your business, and separates that entity from the members who make up the board of directors.

When you incorporate Oklahoma businesses, you also receive several tax incentives. For one thing, you can write off the costs of providing your employees with medical or dental insurance, and other benefit packages. These services are considered business expenses that can be deducted from your operating costs come tax season. You will want to determine the type of corporation you want to set up. This is important because different types of corporations have different benefits. One consideration is the type of organizational structure you want to implement. Many times this consideration is dependent on the size of your business, and you goals for the future. You will also want to consider the type of stock options and investment opportunities you will want to present the general public and investment entities.

If you're thinking about reorganizing your business, you might want to form a Oklahoma LLC. You receive some of the benefits of Oklahoma corporation filing without being hit by the double taxation common in S corporations. Many Oklahoma corporations are subject to taxes on profits and additional taxes on dividends. This is not the case when you form a limited liability company.

If you form an Oklahoma LLC you will receive protection from personal liability for things like lawsuits ad other financial claims against the company. In an LLC, you do not issue stocks to raise funds, or revenue for capital investment. Instead, members are issued interest certificates that reflect the amount or share of their investment in the company. An LLC is run by the members, and the power vested in these members is determined by percentage of ownership.

You can form an Oklahoma LLC by filing with the office of the Secretary of State. In most cases this process is simple, and takes as little as a couple of days to complete. It's a good idea to consult with an attorney or other financial adviser before filing for this status. You may want to weigh the alternatives to determine which business structure meets the needs of your business, your customers and your partners. You can form an Oklahoma LLC through the office of the Oklahoma Secretary of State. This is a relatively recent way to structure a business that helps to protect individuals from financial liability. An LLC, or limited liability company, is structured in a similar manner to traditional corporations. You can file for an Oklahoma LLC in just a matter of a couple of days. There are a number of restrictions and bylaws which you must agree to adhere to in order for your business to be granted LLC status. You can find specific information about the process online by searching the official website of the Secretary of State.

Many times forming an Oklahoma LLC allows you to receive some tax benefits that you cannot receive when you form a full-fledged corporation. It's important to weight the advantages and disadvantages with someone who you can trust. If you find the process overwhelming, you can hire a filing company to do the job for you. This is a great idea if you are filing out of state, or you find the process overwhelming. If you live outside of the state of Oklahoma, or outside of the country, and you're thinking about filing for corporate status, you will need to find a Oklahoma registered agent. This is a person or company that is charged with accepting official documents and other correspondence on your behalf in your absence. You can personally employ someone to perform this task, or you can hire a filing company to do the job for you.

During the course of the fiscal year, the Oklahoma Secretary of State may need to contact you regarding all kinds of different business concerns. You will not be granted corporate status until you provide the name and address of your Oklahoma registered agent. This is a safety net required by the state to ensure that you run a responsible and ethical business in the state. Many time business owners and board members choose to incorporate to protect their individual investments. If you're a business owner, you know how frightening it can be to face litigation from customers and business partners. When you form a corporation in Oklahoma, you protect you bank accounts and personal property from loss. In exchange for this security, you must provide a Oklahoma registered agent for the processing and servicing of all legal claims against the corporation. One of the best things you can do if you live outside the state of Oklahoma is assign a non-partisan registered agent. This provides you with the additional protection you may need when it comes to defending your business practices in a court of law. Many Oklahoma corporation filing companies offer this service for a nominal fee. This is a great way to take the worry out of official state business. Unlike a personal friend, or business partner, hired agents are paid to perform the simple task of receiving and forwarding all official business.

Your Oklahoma LLC creates the legal platform for establishing an operating presence in the state of Oklahoma. Business developers and entrepreneurs like you form an LLC in Oklahoma in order to establish a legal presence and gain the protections of state law. A key decision factor for business developers is that your Oklahoma limited liability company provides the legal basis to separate out member personal assets (real property, bank deposits, securities, etc.) from future LLC corporation liabilities and possible attempts by your Oklahoma LLC creditors to lien, attach or liquidate assets in satisfaction of a court judgment against your Oklahoma LLC.

Another financial benefit to your Oklahoma LLC is that you can now legally deduct qualifying operating costs and expenses, along with deducting or writing off qualifying assets reported on your Oklahoma limited liability company balance sheet. Meanwhile, your Oklahoma LLC earnings are exempt from both state and federal tax, with profits and/or share of losses reported on the individual member tax returns. Significantly, your Oklahoma LLC can establish its own dividend policy based on member agreement, rather than be required by law to distribute earnings on a dollar-per-share basis is the requirement for a C corporation.

Your Oklahoma LLC is unrestricted in terms of capitalization and the number of investor-members it requires, as compared to the 75 shareholders ceiling which applies to Subchapter S corporations. Once that your LLC formation is complete, your capital raised, and you have some financial operating history data, then you can quickly secure available credit facilities from interested lenders, just like other companies do.

Corporate governance guidelines for your Oklahoma limited liability company are considered to be highly flexible, with no statutory requirement for annual meetings and written minutes such as applies with standard corporations, unless expressly set forth as a requirement within your LLC operating agreement.

WHY FORM AN OKLAHOMA LIMITED LIABILITY COMPANY?

The main reasons to form an Oklahoma Limited Liability Company are lawsuit protection, credibility, tax savings, deductible employee benefits, asset protection, anonymity, the ease of raising capital, creating a separate legal entity for personal protection, an Oklahoma LLC has a broad range of powers beyond that of a sole proprietorship, small claims court benefits, separate liability for corporate debts, and perpetual duration. When you form an Oklahoma LLC you create a separate legal person. You are a shareholder. You can control the corporation. However, when the Oklahoma business is sued you can be protected from being sued personally when your business is an Oklahoma LLC.

AN OKLAHOMA LLC REDUCES PERSONAL LIABILITY

When you form an Oklahoma Limited Liability Company you form a separate person from the one or ones who own it. Therefore, when an Oklahoma LLC is sued, there are provisions in the law to protect the owners (members) and managers from personal liability. Once you do business with the public or have even one employee, you are wide open to legal liability. Year after year there are thousands of us who lose nearly everything we have due to personal liability with our unincorporated businesses. In addition, once you do form an Oklahoma LLC it is important that your business follows certain, relatively simple, formalities so that it looks and acts like an LLC.

It is reported that the United States has just five percent of the word's population and yet 70% of the world's lawyers. Legal experts agree that there are literally millions of lawsuits filed in the U.S. every year that would not be pursued overseas. Many of these lawsuits are filed by lawyers who must litigate just to survive. In addition to an overabundance of lawyers, the U.S. is one of the only civilized countries in the world that does not have a "loser pays" legal system. In other countries of the world, such as Canada and England, for example, the one who loses a lawsuit pays his or her own legal fees as well as those of the opponent. However, in the U.S. this scenario is much different. Even if a party to a lawsuit wins, he or she is still out his or her own legal expenses. What this means is that in the U.S. even if a defendant in a lawsuit wins he or she still loses. An Oklahoma Limited Liability Company can provide a legal shield between your business life and your personal life.

TAX ADVANTAGES

There are more tax deductions available to an Oklahoma LLC than to businesses that are not LLCs. A few examples of the benefits you can enjoy when you form a Limited Liability Company in Oklahoma include medical expenses, pension plan, business trips and entertainment. It is reported the group with the highest percentage of tax audits is the one that includes the Schedule "C" form filed by the self-employed. The audit rate for the Oklahoma LLC is much lower than the Oklahoma self-employed. You may own and be employed by your Oklahoma LLC at time same time, thus, eliminating the Schedule "C" self-employment return from your list of filed IRS tax documents. The IRS seems to give preferential treatment to corporations with regard to tax deduction.

DEDUCTIBLE EMPLOYEE BENEFITS

When you form an Oklahoma Limited Liability Company you can provide for a wide-array of tax deductions for you and your employees. Even a one-person Oklahoma LLC can enjoy tremendous tax-deductible benefits such as health insurance deductions, travel deductions, automobile deductions, entertainment deductions, recreational facilities and many more. One of the most beneficial deductions is the pension plan or 401K. Money placed in a properly structured pension plan is tax deductible and the funds grow tax-free for retirement. These outstanding benefits alone can pay for an Oklahoma Limited Liability Company many times over.

ANONYMITY

Owning an asset in your own name, such as a business, an investment property or an automobile, provides an easy target for one performing an asset search. Before initiating a lawsuit, it is quite common for an attorney to perform an asset search. If no assets can be located in your name this may decrease the chance that litigation will be pursued. Placing assets in the name of an Oklahoma Limited Liability Company may provide a cloak of privacy between you and those contemplating legal action against you. This privacy is enhanced when "nominee" managers are listed. With the Companies Incorporated Nominee Privacy Service, you retain ownership and control of your company. However, you elect Companies Incorporated representatives (who have no control or ownership of your Oklahoma LLC) to be listed in the public records.

RAISING CAPITAL

There is a greater source of capital available to LLCs than to partnerships or proprietorships. Because the Oklahoma LLC is separate from the owners, people tend to be more willing to invest money without accepting liability or responsibility for company business. The Forbes 400 list of wealthiest Americans are full of individuals who hold the highest percentage of their wealth through ownership of companies they or their family members started. Many sole-proprietorship or partnership businesses are sold for one to two times annual earnings. Whereas, many companies are valued at between 12 to 25 times annual earnings or more.

SEPARATE LEGAL ENTITY STATUS

Because you and your Oklahoma LLC are two separate legal entities, lawsuits brought against your company do not need to affect you personally. When the Oklahoma Limited Liability Company borrows money, there are measures such that you are not personally liable to repay the debt. An Oklahoma LLC remains after the life of the owner(s). However, a sole proprietorship ceases to exist after the life of the owner.

SMALL CLAIMS COURT

An Oklahoma Limited Liability Company may send a manager, officer, director or an employee to represent the company in most small claims courts. Unlike a sole proprietorship, this can free up the time of the owner to operate the business while employees take care of legal matters.

SEPARATE LIABILITY FOR CORPORATE DEBTS

An Oklahoma LLC is separate from those who own it. If the company loses a lawsuit or has a debt it cannot pay, the Oklahoma LLC itself is responsible. The Oklahoma Limited Liability Company can provide a strong shield to protect the personal assets of the members and managers. In contrast, with a sole proprietorship or partnership, the owners can lose personal assets in a business lawsuit. If the members and/or managers have personally guaranteed corporate debts, of course, they can be held liable. In addition, the Oklahoma LLC must be established and operated properly for the legal shield to remain in place. For maximum protection, it is legally prudent to treat the Oklahoma LLC as a separate legal entity. For example, it is important to pay company expenses with company money (or be sure the company promptly reimburses you for business expenses if you have paid them personally). Conversely, you would not pay your personal electric bill with company money. Instead, the company pays you a salary from the company checking account (which is a tax-deduction for the company). You deposit your salary check in to your personal checking account and use those funds to pay your personal electrical bill.

PERPETUAL DURATION

An Oklahoma LLC continues its life after the death of the owners. Hudson's Bay Company (HBC), for example, was founded in 1670, and is still in operation today. HBC currently operates a large chain of department stores. General Electric Company was founded by Thomas Edison in 1882 and is one of the world's largest corporations today. Henry Ford created a legacy when he created the Ford Motor Company. Therefore, when you form a Limited Liability Company in Oklahoma you are creating a legal entity that can exist long after you are gone.

DISADVANTAGES OF ORGANIZING AN LLC

An Oklahoma LLC is formed when properly drafted documents are filed in the jurisdiction of incorporation. There are very simple formalities that are followed (see below).

LIMITED LIABILITY COMPANIES FORMALITIES

Oklahoma LLCs have members and, if desired, mangers. Optionally, an LLC can elect to have officers and directors. One person can hold all positions in most states. An Oklahoma LLC may also hold annual members and managers meetings. Personal and company funds should not be commingled in the same account. Though the required formalities are very few with the LLC, if certain formalities are not followed (e.g.. the LLC is not treated like a separate person from the owners), some states allow the members or/or managers to be held liable debts of the company. LLC formalities, while often necessary, are typically quite simple. So, when you form an Oklahoma Limited Liability Company, be sure to follow the simple procedures to keep your LLC in good standing. Companies Incorporated provides a list of LLC formalities for clients who utilize our service to form an Oklahoma Limited Liability Company.