Filing Frequency: Annual
State Fees:
Corporations (Foreign and Domestic) - Varies. See Calculation section below.
Non Profit corporations (Foreign and Domestic) - Varies. See Calculation section below.
Unincorporated Foreign Non Profits - See Calculation section below + $100 Registered Agent Fee.
LLCs (Foreign and Domestic) - $25 flat fee.
LPs (Foreign and Domestic) - $50 flat fee.
Calculation:
For every $1,000 of revenue your business earns, Oklahoma’s Annual Franchise Tax will charge you $1.25.
Example: Lets say you earns $500,000 each year. Your total franchise tax would be $625 (500 X 1.25).
If your total tax due is $250 or less, you will be exempt from paying the tax. However, you will still be required to submit the tax return.
The maximum franchise tax a corporation will pay is $20,000.
Due Date:
Corporations, Non Profit Corporations and Unincorporated Foreign Non Profits - July 1
LLCs and LPs (Foreign and Domestic) - Anniversary Date
Late Fees:
Oklahoma will assess corporations 10% of the total franchise tax due. In addition, 1.25% interest will continue to accrue each month a tax return is not filed.
LLCs and LPs are not charged late fees.
However, if you fail to file an annual certificate, your business will no longer be in good standing.