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Before you form a limited liability company (LLC) in Oklahoma, you need to appoint a registered agent. But what is a registered agent? What are they required to do, and who can be one?
A registered agent is an individual or company that is designated by the business to receive important legal documents on behalf of the company. This position is crucial because it ensures that the correct people within an LLC are notified in person for time-sensitive events, such as service of process for lawsuits. The agent also receives important notices from the state, such as garnishment notices against employees, notice of annual reports, and tax notifications.
According to state law (18 OK Stat § 18-2010 (2019)), every Oklahoma limited liability company must continuously maintain:
Although it may seem like the simplest and cheapest option is to be your own registered agent, there are some compelling reasons to consider hiring a service to act as your registered agent, including:
You must name your registered agent when you complete the official paperwork with the state to form your LLC, so you need to decide who your registered agent or registered agent service will be before you begin that process. Of course, you need to be sure to inform whomever you’re appointing and get their permission to serve in that role.
Disclaimer: The content on this page is for information purposes only and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.
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