LLC Cost in Oklahoma – How Much to Pay for an LLC


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

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Perhaps you are hoping to form an Oklahoma LLC. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Oklahoma.

Oklahoma LLC Cost of Filing

Here are the costs involved in forming an LLC in Oklahoma.

Cost of Filing Formation Certificates

The Oklahoma Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Oklahoma Secretary of State.

Oklahoma Domestic LLC

  • Online Filing costs $100.
  • Annual Report filing costs $25
  • Name Reservation fee costs $10
  • By Mail: Fill out the application form, and send it to Oklahoma Secretary of State 421 NW 13th St, Suite #210 Oklahoma City, OK 73103. Costs $100.

Oklahoma Foreign LLC

  • Online Filing costs $300.
  • Annual Report filing costs $25
  • Name Reservation fee costs $10
  • By Mail: Fill out the application form, and send it to Oklahoma Secretary of State 421 NW 13th St, Suite #210 Oklahoma City, OK 73103. Costs $300.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

Oklahoma LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Oklahoma, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

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Business Permits and Licenses

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Oklahoma Department of Revenue for regulatory boards or agencies requiring licensing.

Taxes Payable to Oklahoma Department of Revenue

At the stage of its formation, an LLC has to pay certain taxes to the Federal & State Governments. This article is the list of all such important taxes that are to be paid by LLCs in Oklahoma. The state taxes are to be paid to the Oklahoma Tax Commission. The main state and federal taxes that an LLC has to pay are:

State Income Tax

As the owner of the LLC, one has to pay State Income tax on all the earnings that he makes through the LLC. These earnings will be taxed through personal tax returns. The standard income tax rate in Oklahoma ranges between 0.5 and 5.25 percent. You can file for all the standard allowances and deductions at the time of filing.

State Sales & Use Tax

If your LLC is a seller of goods, selling tangible goods & a service provider providing services, it has to collect sales & use taxes & then pay them to the Oklahoma Department of Revenue. The Sales & Use Tax varies in different regions, counties, & cities. The current state sales & use tax rate on LLC in Oklahoma is 4.5%

Federal Self-Employment Tax

Federal Self Employment Tax is to be paid by all the LLC Business members or managers. This kind of tax applies to all the earnings you withdraw from your business. The Federal self-employment tax rate in Oklahoma is 15.3 percent.

Federal Income Tax

The Federal Income Tax is levied on the Income & the amount of the Federal Income Tax depends upon your earnings, the income tax bracket your LLC falls, the deductions, & the manner/ mode of filing.

You pay Federal Income Tax on all the profits your LLC makes after calculating the deductions & allowances such as Healthcare or Retirement Plans.

Employee & Employer Taxes

An LLC with several employees drawing monthly salaries will have to bear some added Employee-Employer taxes. These tax implications vary, depending on various factors, e.g., the amount, number of employees, etc.

Cost Comparison Between States

Oklahoma is surrounded by many states, namely Colorado, Kansas, Missouri, Arkansas, etc. Each of these states has a different rate of taxes levied on LLCs. Let us take a look at this comparative chart.

StatesFiling FeeAnnual/Biennial FeeSales Tax
Oklahoma $100$254.5%
Colorado$125$852.9%
Kansas$165None6.5%
Missouri$50None4.225%
Arkansas$50$1506.5%

Based on the kind of industry you LLC operated in, your LLC will be liable to some other taxes & duties. For Example, if your LLC is in the sector of import & export, you have to pay the import-export duty. You should consult with a professional to verify the tax rates or business costs of registering an LLC in Oklahoma.

Other Costs

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

How Much Does It Cost to Maintain an LLC in Oklahoma

To maintain an LLC in Oklahoma you will need to pay an annual fee of $25 along with state sales & use tax at 4.5%, state income tax at 0.5% to 5.25% and federal taxes.

One of the first costs associated with forming an LLC in Oklahoma is the filing fee required by the Secretary of State’s office. This initial fee is necessary to register the LLC and officially establish it as a separate legal entity. In addition to the filing fee, business owners may also need to consider the cost of any legal assistance they require to properly complete the necessary paperwork and ensure compliance with state laws.

Once the LLC is formed, there are ongoing costs associated with maintaining its status. One of the most important of these costs is the annual report fee required by the state of Oklahoma. This fee is due each year on a specific date and ensures that the LLC continues to be in good standing with the state. Failure to file this report and pay the fee can result in the LLC being dissolved or losing its legal protections.

In addition to the annual report fee, LLC owners should also be prepared for other potential costs, such as any necessary business licenses or permits, tax liabilities, and professional fees. While these costs may vary depending on the nature of the LLC’s business activities, it’s important for business owners to budget accordingly and understand their financial responsibilities.

Furthermore, maintaining an LLC involves ongoing administrative tasks such as record-keeping and reporting. It’s essential for business owners to stay organized and keep accurate records of their finances, business activities, and any important communications with state agencies. Failure to do so could result in fines or penalties for non-compliance.

Ultimately, the costs associated with maintaining an LLC in Oklahoma are an investment in the long-term success and stability of the business. By understanding and preparing for these costs, business owners can focus on growing their company and achieving their goals without the worry of potential legal or financial consequences.

In conclusion, forming and maintaining an LLC in Oklahoma comes with certain financial obligations that business owners should be aware of and prepare for. By understanding the costs associated with compliance and administration, LLC owners can ensure that their business remains in good standing with the state and sets a strong foundation for future growth and success.

In Conclusion

The cost of Oklahoma is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.

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