Oklahoma Corporation Requirements

After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Oklahoma corporations.

Corporate records

Oklahoma corporations must keep the following items with their corporate records at the principal location:

  • A list the names and addresses of shareholders with the number and class of shares owned by each
  • A stock transfer ledger
  • Records of account

Corporate taxes and fees

The following are taxation requirements and ongoing fees for Oklahoma corporations:

  • Annual report and franchise tax. Oklahoma requires corporations to file Annual Franchise Tax Return with the State Tax Commission by July 1. The tax is calculated based on the capital used, invested or employed in Oklahoma.
  • Taxes. For complete details on state taxes for Oklahoma corporations, visit Business Owner's Toolkit or the State of Oklahoma.
  • Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
  • State tax identification number. Oklahoma does not require a state tax identification number.

Business licenses

Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.

S corporation election

Oklahoma recognizes the federal S corporation election and does not require a state-level S corporation election.

Additional Oklahoma information

View the following additional resources BizFilings has for forming and maintaining companies in Oklahoma: