27 Aug Beginner’s Guide to Starting a Business in Oklahoma
Oklahoma has some of the lowest business costs in the nation, making it a great place to start a business. In any state, step one to starting a business is coming up with a great concept or business idea. Do some research for any services that may be missing in your area or town, or how you could turn a personal talent or skill into a business. Here are several valuable tools if you need some inspiration and business ideas.
Once you are confident in that idea, it’s essential to set up and critically analyze a business plan before you put a lot of time and money into your approach. A good start to planning would be to answer some basic questions: What problem does your business solve? Who are your potential customers? Who will you need to hire and who will you need to form professional relationships with to succeed? How many clients or customers will you need to break even? Where will you get initial funding?
From there, you will need to register your business through some Oklahoma state agencies and think about how your business will stay digitally connected.
Key Websites for When Starting an Oklahoma Business
Here are a few things you will need to register for your business to get started:
Business name and structure.
Protect your new business’s name from others using it. Once your name is registered, secure a website domain. It’s also a good idea at this point to set up a professional email account or social media accounts using that name. Google’s G Suite offers a business email service that would provide a professional email account (yourname@yourcompany’ sname.com) as well as other useful online tools. There are different structures with different benefits that may or may not suit your business. Sole proprietorships and partnerships may be the simplest but can offer little protection to owners. You will need to research the different structures and find out which one is right for you. Go to the Secretary of State’s Office website to register the name and structure of your business.
You will need to register your business as an LLC, or limited liability company, or as a corporation. Registering as an LLC is an excellent idea for small businesses because they are easy to set up and manage, and it protects you in case your company gets sued. Being an LLC also prevents your business from being overtaxed and makes you look more credible. It often takes as little as $100 to set up an LLC in Oklahoma.
You can form your LLC online through the state’s website.
Depending on the type of business you want to start, one or more licenses may be required. Retailers need sales tax permits, for example, because they regularly sell tangible property. Obtain a sales tax permit from the Oklahoma Tax Commission: https://www.ok.gov/tax/
Go to the Oklahoma Department of Commerce to learn about what business licenses you may need.
All employees will have to file for an employer identification number or EIN, also known as a tax ID number. It’s used for federal tax filings, and you can’t hire employees or have a business bank account without an EIN. Obtain those with the Internal Revenue Service.
Getting the right connectivity for your office
Once you have registered your business, you will have to consider your business’s connectivity and IT services. Dobson Technologies knows what it takes to survive and thrive as a business in Oklahoma, so we’re prepared to help your new business thrive here too. Connectivity is more than the backbone of your business; it’s a strategic advantage for growth. Whether you need a fast network connection, managed IT solutions or high-speed data, or voice connections, Dobson can implement an integrated connectivity plan customized for you.
We bring connectivity to small businesses across the state of Oklahoma. With low costs of starting a business in Oklahoma, and a team of people at Dobson dedicated to helping you stay connected and thrive, it is a great time to put your great ideas into action and register your business in your town. Here are some helpful resources for the communities we serve to ensure the best start to a successful business.
Poteau Chamber of Commerce website:
Poteau Dobson Technologies store: 2208 N Broadway, (918) 974-1010
Weatherford Chamber of Commerce website
McAlester Chamber of Commerce website
Shawnee Chamber of Commerce website
Heavener Chamber of Commerce phone: (918) 653-4303
Atoka city website