Secure your idea for a business name by registering it. This isn’t required, but it will protect the use of that name in Oklahoma.
Register your business’s name by filing with the Secretary of State’s office.
Research and decide on the structure under which your business will operate. Sole proprietorships and partnerships are the simplest but offer the least protection to owners. Some structures such as Limited Liability Companies and Corporations require registration but come with features that benefit some businesses.
Research business structures and file with the Secretary of State’s office if required.
All employers must obtain a Federal Employer Identification Number or EIN from the Internal Revenue Service.
Even if you aren’t planning on having any employees, some small business owners choose to obtain an EIN. One benefit for sole proprietors is they can use their EIN instead of their Social Security Number for business paperwork. This can help protect against personal identity theft.
While there is no license required just to own or do business in the state of Oklahoma, many businesses, business owners and/or their employees require specific licenses and permits to operate in the state. Some permits, such as those for construction, are often issued by a city or other local governments.