Oklahoma PLLC Operating Statement
Description
How to fill out PLLC Operating Statement?
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FAQ
You should make sure you have an operating agreement for your PLLC. (Unlike most other states, Texas statutes refer to this document as a "company agreement.") Unlike professional licenses, articles of organization, naming restrictions, and service restrictions, this is not a state requirement.
There is no state law in Oklahoma requiring an operating agreement for LLCs. However, without a written operating agreement, you will have difficulty opening a company bank account, and you might run into trouble if your LLC ever faces a lawsuit.
An operating agreement is a key document used by LLCs because it outlines the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners.
It outlines the structure of your business, including ownership, capital contributions, member responsibilities, and internal operations. A written operating agreement also guides the decisions of the senior management and the board of directors.
All Oklahoma LLCs need to pay $25 per year for the Annual Certificate. These state fees are paid to the Secretary of State. And this is the only state-required annual fee (sometimes it's called the Oklahoma Annual Report fee). You have to pay this to keep your LLC in good standing.
LLCs in Oklahoma must complete a yearly certificate renewal form, which gets submitted to the Secretary of State's office. The paperwork is due annually on the anniversary date of your LLC's registration.
The LLC operating agreement should state if and when member meetings will be held and include any rules regarding how, when, and where votes will be taken; who has voting rights; how many voting members must be present for a quorum; how many votes are required to approve an action; and whether members can vote by proxy ...
You need to file an Annual Certificate in order to keep your Oklahoma LLC in compliance and in good standing with the Secretary of State.
All Oklahoma LLCs need to pay $25 per year for the Annual Certificate. These state fees are paid to the Secretary of State. And this is the only state-required annual fee (sometimes it's called the Oklahoma Annual Report fee). You have to pay this to keep your LLC in good standing.
LLC ? In Oklahoma, an LLC can reinstate by filing a completed Application for Reinstatement form with the Secretary of State by mail or in person. You should also include any missed annual certificate filings and fees.