Oklahoma LLC Operating Agreement Templates

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An Oklahoma LLC operating agreement is a legal document that is provided for the purpose of guiding companies, with one or more members, through the process of establishing standard operating procedures, company policies, and member relations, among other important aspects of the company.

The State of Oklahoma does not require any company to hold this document in their possession in order to do business within the State. However, this is a vital document that all companies should strongly consider implementing inasmuch as, without it, every owner and/or contributing member places their private assets and financial accounts in a position of vulnerability. This document shall establish a position of separation between the owners/members and the company, keeping all personal assets protected from litigious activity or claims against the company.

Oklahoma Limited Liability Company Act§ 18-2000 to § 18-2060

Operating Agreement Laws – § 18-2012.2

State Definition – § 18-2001(16)

By Type (2)

Multi-Member LLC Operating Agreement – This form would be required for use by companies who have more than one member providing contribution to form one entity.

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Single-Member LLC Operating Agreement – This would be the document to be selected if the business has one owner and therefore one member to be placed under the LLC protections.

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Table of Contents

How to Form an LLC in Oklahoma (5 steps)

The Oklahoma Secretary of State recommends that all business filers ensure that their operating name is available for use before attempting to apply for registration. If an application is submitted under a name which is not unique or distinguishable in Oklahoma, the application will be rejected. Therefore, it is best to Search for the Name in the State’s database to ensure that it is available.

Step 1 – Registered Agent

A Registered Agent is a person or business that accepts service of process in the event of litigation against the LLC. In Oklahoma, a Registered Agent may be either of the following:

  • A person residing in the State
  • A Domestic or Foreign business operating in the State
  • The LLC itself (if filing as a Domestic LLC)

Step 2 – Which Type

Select your LLC type from the following list and complete the ensuing application:

  • Domestic – Create a new LLC within the State
  • *Foreign – Register a preexisting LLC, initially formed outside the State

*A Certificate of Existence (or document of similar import) must be included with all Foreign LLC applications.

Step 3 – Pay the Fee

The requisite processing fees are as follows:

  • Domestic – $100
  • Foreign – $300

If you are submitting your application online, you will be instructed to supply the fee once you’ve completed your application. Should you choose to file by mail, attach a check or money order made out to the ‘Oklahoma Secretary of State’ and send your filings to the following address:

Oklahoma Secretary of State, 421 N.W. 13th, Suite 210, Oklahoma City, Oklahoma 73103

Step 4 – Operating Agreement (optional)

The LLC operating agreement is a document used to establish policies as well as the working relationship between members (i.e. capital contributions, expected duties/responsibilities, rights). If you choose to implement this document, ensure that each member agrees to the provisions before signing it officially.

Step 5 – Employer Identification Number (EIN)

The Employer Identification Number (EIN) is an important piece of identification that the Internal Revenue Service issues to businesses for tax reporting purposes. It will be necessary to apply for an EIN if your company plans to hire employees or request loans from a financial institution.

(Video) How to Make an LLC Operating Agreement in Oklahoma