Okay, I want to start an Oklahoma business, what do I need to do?

So you decided you are going to start your own business?

Going to be your own boss?

I am sure you are excited and pumped up with the energy that flows from seeing how you can make a positive change in your life.

At some point, you will need to start putting the ideas into execution and that point is where I can help.  I help small business owners get from the conception stage to the operation phase.  Birth through adulthood and independence so to speak.

But where do I start, you are probably asking yourself?

Surprisingly, there are very few legal requirements controlling the start of a business. Sometimes it may be as simple as starting advertising and then providing your service or product when you have customers.  While legally the steps could be few, practically it is wise to plan and prepare to pave the way for success.
Below is a post from the Oklahoma Secretary of State that seems helpful to me. I would be telling you similar things so rather than do that, here is a link to the post (https://www.sos.ok.gov/business/infoSB.aspx).
This post starts out with the conclusion that you are going to create a corporation or a limited liability company, both being referred to as an “entity.” However, it also touches on other items that are important. Also, here is a link to a post from the Oklahoma Department of Commerce that is helpful in understanding the items to consider when starting your business.
One place where I come into the process is to help you set up an entity: either an Oklahoma corporation or Oklahoma limited liability company.  There are several reasons why you want to have an entity own and operate your business.  The most important of which is you want to avoid being individually (i.e,, personally) liable for issues created by your business.  To understand Oklahoma individual liability, check out this blog post.

Posted by Shawn Roberts

On this blog, I write about and try to answer practical Oklahoma legal questions. My focus and most experience is in estate planning and business issues including Oklahoma non-compete law. I make a living as an attorney in the law firm I founded, Shawn J. Roberts, P.C. in Oklahoma City. I live in Edmond with my wife Amy and my two children, Sam (19) and David (11). We live precisely in the path of where the "wind comes sweeping down the plains."