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Every corporation organized under the laws of this state or qualified to do or doing business in Oklahoma in a corporate or organized capacity by virtue or creation of organization under the laws of this state or any other state, territory, district, or a foreign country, including associations, joint stock companies
Companies that pay the Oklahoma franchise tax are charged $1.25 for each $1,000 of capital the business invests or uses in the state, with a maximum tax liability of $20,000. Foreign corporations pay an additional $100 fee each year.
If a federal consolidated return is filed, an Oklahoma consolidated return may be required or permitted under certain circumstances. ( Instructions, Form 512, Oklahoma Corporation Income Tax Return) The election to file a separate return or a consolidated return is made with the timely filing of the return.
Oklahoma has a 4.50 percent state sales tax rat, a max local sales tax rate of 7.00 percent, and an average combined state and local sales tax rate of 8.98 percent. Oklahomas tax system ranks 23rd overall on our 2023 State Business Tax Climate Index.
For Louisiana franchise tax purposes, an LLC is treated and taxed in the same manner that it is treated and taxed for federal income tax purposes.
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While Oklahoma does have a franchise tax, it only applies to corporations. Limited liability companies are exempt from paying the Oklahoma Franchise Tax.
In Oklahoma, LLCs are taxed as pass-through entities by default, meaning the LLC passes its revenues and losses on to its members. Then members pay the states graduated personal income tax rate ranging from 0.25% to 4.75% and the states Pass-Through Entity Tax of 4%.
Some states impose a separate franchise tax or fee on LLCs and other business entities for the privilege of doing business in the state. Oklahoma doesnt impose a franchise tax on LLCs. Electing corporate tax status. Usually, LLCs are taxed as partnerships by default.

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