A certificate of good standing in Oklahoma validates that a limited liability company (LLC) or corporation was founded lawfully and has been properly maintained.
In our Certificate of Good Standing Oklahoma guide, we will go over the qualifications for good standing as well as how to get one in Oklahoma.
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How Do I Obtain an Oklahoma Certificate of Good Standing?
You may get your Oklahoma certificate of good standing from the Secretary of State.
There are two major processes involved in obtaining your certificate of good standing:
1. Maintain your LLC’s compliance
2. Request a certificate of good standing.
What exactly is a good standing certificate? A certificate of good standing is a state document that confirms your company was created lawfully and has been properly maintained.
Step 1: Ensure that your Oklahoma business is in compliance.
To be eligible for an Oklahoma certificate of good standing, your company must meet the following state compliance requirements:
Permits and Licenses
To run a company in Oklahoma, you must adhere to federal, state, and municipal licensing requirements. Regulations such as health permits and construction permits are examples of this.
The Oklahoma Department of Commerce website has further information on state licensing requirements.
State levies
Depending on your company activity, you may be required to register for several types of Oklahoma state tax. Sales tax, withholding tax, and Unemployment Insurance (UI) tax are all examples of this.
Corporations in Oklahoma are required to pay an annual franchise tax. The rate is $1.25 for every $1,000 invested or utilized in Oklahoma.
Certificates of Achievement
Every Oklahoma LLC is required to submit an annual certificate. This report confirms the fundamental contact information for an LLC.
The yearly certificate may be submitted with the Secretary of State either online or by mail. It is required by the end of the anniversary month of the founding of an LLC. The application cost is $25.
Oklahoma companies are not required to submit an annual report.
Step 2: Request an Oklahoma Certificate of Good Standing.
Once your company is in good standing with the state, you may apply to the Secretary of State for an Oklahoma certificate of good standing. This is something that can be done online.
Is a Certificate of Good Standing Required in Oklahoma?
While you don’t always need a certificate of good standing to manage a company in Oklahoma, there are a few situations when you could. These are some examples:
Purchasing commercial insurance
Applying for commercial loans
Setting up a business checking account
Getting a business license in another state
