Oklahoma Certificate of Authority: Qualification & Requirements

 

 

An Oklahoma Certificate of Authority is required for businesses that want to do business in Oklahoma, including corporations, limited liability companies, partnerships, sole proprietorships, unincorporated associations, nonprofit organizations, government entities, public agencies, political subdivisions, and certain individuals. If you are considering starting a business in Oklahoma, we recommend that you contact us for help obtaining an Oklahoma Certificate of Authority. We can assist you with filing the necessary paperwork, processing fees, and renewals.

What is an Oklahoma certificate of authority do for your business?

A company must register with Oklahoma. Secretary Of State before conducting business here.

Companies incorporated outside of Oklahoma will probably need to obtain an Oklahoma certificate of authority.

According to the Oklahoma Secretary of State’s office, an Oklahoma certificate of authority is needed to open a bank account and conduct other financial transactions.

What kind of certificates do I need?

A Certificate of Authority (CA) is required if you want your corporation to operate legally in a foreign jurisdiction. This includes opening up an office there, hiring employees, or doing anything else that requires authorization from local regulators. If you don’t obtain a CA, you could face fines, penalties, legal fees, and even jail time.

The process of obtaining a CA varies depending on where you are located. In some countries, it’s easy; in others, it can take months. You’ll find out how long it takes to get a CA in each country here.

How do I get a certificate of authority in Oklahoma?

To obtain a certificate of authority in Oklahoma, you must file an Application for Authority with the Secretary of State’s Office. You must submit your application within 30 days of becoming a corporation. Once your application is approved, you will receive a Certificate of Authority. This process takes up to 4 weeks.

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The Oklahoma Corporation Commission requires that every corporation appoint one person to serve as its registered agent. If you are incorporated in another state, you must designate someone in Oklahoma to act as your registered agent.

If you fail to comply with the requirements of the Oklahoma Statutes, the secretary of state may refuse to issue the certificate of authority.

For Foreign Corporations:

Foreign companies doing business in Oklahoma often face different rules and regulations than domestic businesses. One of those differences is the cost of registering a corporation. For foreign companies, filing fees range between 300 dollars to over one thousand dollars.

A certificate of good standing must also be filed annually, and certificates of good standing are available through the Oklahoma Secretary of States’ Business Filing Department. Companies that fail to file a certificate of good standing within 30 days could lose their ability to transact business in Oklahoma.

 

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For Foreign Limited Liability Companies:

Oklahoma offers an online filing system called OkCorps for foreign limited liability companies. This service costs about $10 per transaction. A certificate of good standing is required within 60 days of incorporation and must be renewed every three years.

For Foreign Nonprofit Corporations:

Oklahoma does not require an agent to file a certificate of qualifications for foreign nonprofit organizations. However, a foreign organization must pay the filing fee, $100, before the company’s name appears on the state’s official records.

Companies incorporated outside of the United Sates should check if there are additional fees associated with incorporation.

For Foreign Professional Corporations:

Oklahoma does not require a certificate or permit from the Secretary of State for foreign professional corporations with a total authorized capital of less than $50 million.

A foreign professional corporation must file an application with the Secretary of State if its principal business place is outside Oklahoma. There is no charge for submitting an application with the Secretary.

See also  Oklahoma Registered Agent: For Corporations & LLC

For Foreign Limited Partnerships:

Oklahoma’s filing fees for foreign limited partnerships are very reasonable compared to most other states. Companies must file an annual statement if it has more than $25 million in assets or changes occur in its authorized capital. New filers must pay the filing fee prior to submitting their applications. The certificate of qualification will issue once the filing fees are paid and the company files its application.

For Foreign Limited Liability Partnerships:

Oklahoma offers an online filing service

Foreign limited liability partnerships (LLPs) are becoming increasingly popular among businesses looking to avoid corporate taxes. But there are some drawbacks to operating as an LLC in Oklahoma. To start, you must file an application with the Secretary of State’s office. Then, you must pay $50 to obtain a Certificate of Good Standing. Finally, you must submit a Certified Copy of the Certificate of Good Standing to the county clerk. If you do everything correctly, it could take up to three weeks to receive the document.

The certificate costs less than half the amount charged by other states. For example, New York charges $250 per year. California charges $75. And Texas charges $20. In addition, there is no requirement for a Certified Copy of the certificate of good standing.

How long does it usually take for an Oklahoma certificate of authority to be processed?

The Oklahoma Secretary of State’s Office says it takes about three weeks to issue a certificate of authority (COA), which allows a business entity to operate legally within the state. A COA must be renewed every five years.

Before you start planning your next move, here are some things to know about how long it typically takes to receive a COA.

Processing Time

Online Processing:

– Online processing requires submitting documents online. This includes filing fees, payment of $25 fee per application, and uploading required supporting documentation.

– Online processing takes approximately 35 business days.

Normal Processing:

Will I need an Oklahoma registered agent for my corporation?

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A registered agent is someone appointed by law to receive legal documents on behalf of another person or entity. This person must be authorized to accept the service of process on behalf of the principal. A registered agent is usually required to maintain records about the principal’s relationship.

In general, a corporation cannot act without having a registered agent. If a corporation does not have a registered agent, it cannot do business in Oklahoma. Some states require corporations to appoint a resident agent, while others allow corporations to appoint agents anywhere in the United States.

 

 

Frequently Asked Questions

What do I need from my home state?

Oklahoma requires that every LLC, corporation and nonprofit organization apply for a certificate of authority from the Secretary of State’s office. This document allows those organizations to conduct business in the state. You are required to file it no later than 30 days prior to starting operations. If you don’t know what type of entity you want to form, here’s how to figure out which one best fits your needs.

Are there ongoing Oklahoma annual reports and initial reporting requirements?

Foreign companies doing business in Oklahoma are required to file the Oklahoma Annual Business Activities Report (Form OABAR). Companies headquartered outside of Oklahoma must file Form OABAR within 10 days after being incorporated or having its principal place of business changed to Oklahoma.

Companies that are not incorporated in Oklahoma but do business in the state are required to file Form OABAR annually. These companies must complete Form OABAR by April 30th each year. If a foreign corporation does not file Form OABAR by July 1st, it will be subject to penalties.

The Oklahoma Tax Commission requires that foreign companies that operate in Oklahoma file an Initial Reporting Statement (Form IBS) within 90 days of becoming incorporated or changing its principal place of business to Oklahoma. A foreign company must submit a completed Form IBS even if it did not make any sales or incur any expenses in Oklahoma during the period covered by the form.

 

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