When Is the Filing Deadline for Your Oklahoma Annual Report?
The annual report for LLCs in Oklahoma is due each year by the last day of the anniversary month of your LLC’s formation or registration. For example, if your LLC was formed on April 10, you must file your report by April 30 every year.
What Are the Consequences of Failing to File Your Oklahoma Annual Report on Time?
Failing to file your LLC’s annual report by the due date can lead to significant consequences. While there are no late fees for missing the initial deadline, your business will lose its good standing with the state after 60 days. Losing good standing can affect your ability to secure financing, sign contracts, and conduct other key business operations.
If you fail to file for three years, your LLC can be administratively dissolved, meaning the business would no longer exist as a legal entity. This can lead to a loss of liability protection and other legal benefits provided by the LLC structure. To reinstate a dissolved LLC, you must file the overdue reports, pay reinstatement fees, and complete additional paperwork.