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.

LLC Service

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#1 TOP PICK

$0 + State Fees

  • 100% accuracy guarantee

  • Worry-free service

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  • Extras are bit more expensive

  • Good customer support

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 to consider when maintaining an LLC in Oklahoma is the annual report fee. All LLCs in the state are required to file an annual report with the Oklahoma Secretary of State. This report is used to update the state on any changes to the LLC’s information, such as officers, members, or registered agent. The filing fee for the annual report can vary, so it is important to be aware of the deadline each year and budget for this expense accordingly.

Another cost to keep in mind is the franchise tax. While Oklahoma does not have a traditional franchise tax like some other states, LLCs are still required to pay an annual fee to the state. This fee is usually based on the company’s net assets and can range from a few hundred dollars to a few thousand dollars. It is important for LLC owners to review their financial statements and budget for this expense each year.

LLCs in Oklahoma are also required to maintain a registered agent within the state. The registered agent is responsible for receiving important legal documents on behalf of the LLC, such as tax notices or lawsuit notifications. There are costs associated with hiring a registered agent, so business owners should include this expense in their budget.

In addition to these recurring costs, LLC owners in Oklahoma should also be aware of potential fees for additional services that may be required over time. For example, if the LLC needs to file for a name change, amend the articles of organization, or dissolve the company, there may be additional filing fees involved. It is important to have a clear understanding of these potential costs and plan for them accordingly.

While the costs of maintaining an LLC in Oklahoma can add up, it is important for business owners to view these expenses as an investment in the long-term success of their company. By staying in compliance with state regulations and keeping up-to-date on necessary filings, LLC owners can help protect their business and avoid potential legal issues down the road.

Ultimately, understanding the costs associated with maintaining an LLC in Oklahoma is essential for business owners to effectively manage their finances and ensure the continued operation of their company. By budgeting for these expenses and staying informed on state requirements, LLC owners can set their business up for success in the long run.

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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