Protect Legal Oklahoma Startup For Sole Proprietorship Forms For Free

Though no action is required to legally create a sole proprietorship, you should follow four simple steps to start your business: Choose a business name. File a trade name with the Secretary of State (SOS). Apply for licenses, permits, and zoning clearance.

If you are forming an LLC, partnership, non-profit, etc., you must file your business with the Oklahoma Secretary of State. As a registered business, you can legally sell goods or services in Oklahoma.

A sole proprietorship is a non-registered, unincorporated business run solely by one individual proprietor with no distinction between the business and the owner. The owner of a sole proprietorship is entitled to all profits but is also responsible for the business's debts, losses, and liabilities.

A sole proprietorship has no existence separate from its owner. Therefore, the legal or true name of a sole proprietorship is its owner's full name. But if the business will be operating under a different name, most jurisdictions require that the name be registered.

You don't have to register your Sole Proprietorship with the Oklahoma Secretary of State. It simply exists once you decide to start a business and engage in business activities. However, if your Sole Proprietorship will use a DBA (aka Fictitious Name), then that needs to be filed with the Oklahoma Secretary of State.

There are also no fees involved with forming or maintaining this business type. If you want to operate an Oklahoma sole proprietorship, all you need to do is start working. However, just because it's so easy to get started doesn't mean there aren't some additional steps you should take along the way.