Starting a Security Company in Oklahoma | A Step-by-Step Guide

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Oklahoma Security Company

Starting a security company can be a lucrative business opportunity in Oklahoma, especially in today’s world, where the demand for security services is rising. However, Oklahoma requires careful planning, a thorough understanding of the industry, and diligent execution to ensure success. This article will provide a comprehensive guide on how to Start a Security Company in Oklahoma and help you navigate the various steps involved in setting up your own Limited Liability Company.

Webinarcare Editorial Team will help you gain knowledge through thorough research and market study. Before starting your Oklahoma security company, all the steps in this article must guide you.

What is a Security Company in Oklahoma

A security company in Oklahoma is a business organization providing varying protection services to individuals and other businesses. These services can range from personal protection, akin to bodyguard services, to security systems for large corporations. Such companies aim to safeguard their clients’ assets by mitigating potential threats and breaches. State laws regulate them; they must obtain appropriate licenses and certifications before starting their operations.

To start a security company in Oklahoma, one may form a Limited Liability Company (LLC). Setting up an LLC in Oklahoma adds credibility to the business, protects personal assets, and often simplifies tax filing processes. With an LLC, the company’s assets and liabilities are separate from those of its owners. Therefore, the owner’s personal property cannot cover the company’s debts.

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How to Start a Security Company in Oklahoma

To form an LLC for a security company, there are various steps you need to be aware of, especially if you will form it in Oklahoma City. Here are the necessary steps and proper guidelines for starting a security company. 

Step1: Research the Market and Competition

Before starting a security company, studying the market and competition in Oklahoma is essential. This will give you a better understanding of the existing security companies, their services, and their target clients. You can use various resources such as the internet, local business directories, and networking with security professionals in your area.

While researching the market, focus on identifying the demand for various security services, such as armed or unarmed security guards, alarm monitoring, and security systems installation. This will help you determine the type of services your company will offer and the target audience.

Step 2: Develop a Business Plan

A well-thought-out business plan is crucial for starting a security company in Oklahoma. The business plan should outline your company’s goals, target market, services, marketing strategies, and financial projections. It should also include an analysis of the competition and potential challenges your company might face.

A solid business plan will help you stay organized and focused on your objectives and will also be required when seeking financing or investment for your security company.

Step 3. Choose a Business Structure

When starting a security company in Oklahoma, you must choose a business structure that best suits your needs and meets the legal requirements. Here are the most common business structures to consider:

Sole Proprietorship

This is the simplest business structure, where you, as the owner, have full control over the business and are personally responsible for all debts and liabilities. This may be suitable for small security businesses with minimal risk exposure.

Partnership

Starting a limited partnership or general partnership in Oklahoma is also an ideal business structure since it is owned by two or more individuals who share the profits, losses, and responsibilities. This can be a good option if you’re starting a security company with a partner and want to share decision-making and financial responsibilities.

Limited Liability Company (LLC)

An LLC combines a corporation’s and a partnership’s benefits. Owners, called members, have limited personal liability for the company’s debts and actions while also enjoying flexible management options. This is a popular choice for small to medium-sized security companies, as it provides some protection for personal assets.

Corporation

A corporation is a separate legal entity owned by shareholders. It provides the most protection from personal liability but also involves more regulations, paperwork, and costs to set up and maintain. Corporations in Oklahoma are typically more suitable for larger security companies with multiple employees and substantial assets.

When starting a security company in Oklahoma, consult with a Business Attorney in Oklahoma to determine the most suitable business structure for your specific needs and goals. We recommend to start an LLC since it offers limited liability protection for your business.

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Step 4: Register Your Business

Once you’ve chosen a business structure, register your security company with the Oklahoma Secretary of State. This typically involves filing the necessary paperwork and paying a registration fee. Here are the things you need to apply for or hire to register your Oklahoma security company.

Choose a Name

Choosing a name for your Oklahoma security company is important in establishing your brand identity and reflecting your services. Here are some tips and suggestions to help you choose a name:

  • Keep it Simple and Memorable: Choose a name that is easy to pronounce, spell, and remember. This will make it easier for potential clients to find and remember your company.
  • Incorporate Keywords: Including words related to security, safety, or protection in your company name can help potential clients understand what services you provide. Some examples of keywords are “guard,” “patrol,” or “surveillance.”
  • Reflect on Your Niche: If your Oklahoma security company focuses on a specific niche, such as residential, commercial, or event security, consider incorporating this into your company name.
  • Consider Using Your Location: Incorporating the name of your Oklahoma or a specific city or region can help potential clients identify your company as a local business and establish a connection to your service area.
  • Check for Availability: Before settling on a name, ensure it is not already used by another security company in your area or registered as a trademark. You can check the availability of a name by searching the Oklahoma Secretary of State Business Entity Search ‘s website and the United States Patent and Trademark Office (USPTO) website.

Based on these tips, here are some sample names for a security company in Oklahoma:

  1. Oklahoma SecureGuard Services
  2. Oklahoma Sentinel Protection
  3. SafeShield Security Oklahoma
  4. Oklahoma Premier Patrol
  5. Oklahoma Homeland Security Solutions
  6. Oklahoma Watchtower Security Services

Remember to choose a name that reflects your company’s values, services, and target market while being unique and memorable. There is a complete guide on Oklahoma Business Name Search for you to have a proper Oklahoma security company name. 

In Oklahoma, if you do not wish to file your security company right away but want to hold the name that you have decided on, then you can reserve your security company name for 60 days. You must file a name reservation application with the Oklahoma Secretary of State to keep the name. 

You can register your business under a different legal name if your preferred name isn’t available. Once you have chosen a name, you can submit an application for Oklahoma DBA (doing business as)

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Hire a Registered Agent

In forming a security company in Oklahoma, the role of a Registered Agent is crucial for ensuring compliance with state regulations and maintaining a line of communication with the state government. A Registered Agent is a person or entity responsible for receiving important legal documents, and government notices on behalf of your security company. Here are some key roles and responsibilities of a Registered Agent in Oklahoma:

  • Legal Document Reception: A Registered Agent receives legal documents, including lawsuits (also known as service of process), subpoenas, and other official correspondence related to your business. They promptly inform you of legal actions or requirements affecting your security company.
  • Government Correspondence: A Registered Agent receives official notices, correspondence, and documentation from the state government, such as Annual Report notifications, tax notices, and other compliance-related information.
  • Compliance Assistance: A Registered Agent will help your security company maintain good standing in Oklahoma by promptly notifying you of legal and compliance-related matters. This can be crucial for avoiding penalties, fines, or even the dissolution of your business.
  • Maintaining a Physical Address: A Registered Agent must have a physical street address (not a P.O. Box) within Oklahoma, where they are available during normal business hours to receive legal documents and government notices. This is particularly important for businesses that do not have a physical office location in the state or for out-of-state business owners.
  • Record-Keeping: A Registered Agent may also offer additional services, such as maintaining and organizing your business records, tracking filing deadlines, and assisting with annual report submissions.¬†

You can serve as your Registered Agent, appoint a friend or family member, or hire the Best Oklahoma Registered Agent Services.

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File The Articles of Organization 

If you form an LLC for your security company, you must file the Oklahoma Articles of Organization, which costs $100. It is crucial to provide accurate and complete information on this document, as errors or omissions may result in delays or rejection of your filing.

Create an Operating Agreement

An Operating Agreement in Oklahoma is a legal document outlining the ownership structure, management, and operating procedures of a Limited Liability Company (LLC). While not always required by law, having an operating agreement is highly recommended for security companies in Oklahoma to ensure clear communication and expectations among the owners.

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Obtain an Employer Identification Number

You must first obtain an Employer identification number (EIN) in Oklahoma from the IRS if you will open a bank account or hire an employee for your Oklahoma security company. 

The application of an EIN in Oklahoma can be through the following:

  • Apply Online- The online EIN application is the preferred method for customers to apply for and obtain an EIN.
  • Apply by Fax- Taxpayers can fax the completed Form SS-4 application to the appropriate fax number), after ensuring that the Form SS-4 contains all of the required information.
  • Apply by Mail- The EIN application Form SS-4 can be filed via mail. The processing time frame to receive the mail is four weeks.
  • Apply by Telephone-International Applicants – International applicants may call 267-941-1099 (not a toll-free number) from 6 a.m. to 11 p.m. (Eastern Time) Monday through Friday to obtain their EIN.

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Step 5: Obtain Licenses and Permits

Starting a security company in Oklahoma requires obtaining specific licenses and permits. These may vary depending on your location and the services your company will offer. Some of the common licenses and permits needed for a security company include the following:

  • Security Company License: This mandatory license allows you to operate a security company in Oklahoma. The requirements for obtaining this license may vary depending on your location but generally include submitting an application, paying a fee, and passing a background check. The cost of filing a security company license ranges from $100 – $300 (depending on the license type).
  • Security Guard Licenses: If your company employs security guards, they must be licensed in Oklahoma. This typically involves completing a state-approved training program, passing a background check, and paying a licensing fee.
  • Firearms Permit: If your company provides armed security services, you and your employees must obtain firearms permits. The requirements for obtaining a firearms permit in Oklahoma may include completing a training course, passing a background check, and paying a fee.
  • Business License: Oklahoma may require a Business License. The business license fee in Oklahoma ranges from $50 – $300.

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Step 6: Get Insured

Insurance is crucial to starting a security company in Oklahoma. You’ll need to obtain various types of insurance to protect your business and employees, including:

  • General Liability Insurance: To protect your company from claims of bodily injury, property damage, and personal injury resulting from your services.
  • Workers’ Compensation Insurance: To cover medical expenses and lost wages for employees who are injured on the job.
  • Professional Liability Insurance: To protect your company from claims of negligence or failure to perform professional duties.
  • Commercial Auto Insurance: If your company uses vehicles for business, you’ll need commercial auto insurance to cover accidents or damage.

You can apply for Oklahoma Business Insurance for your Oklahoma security company. 

Step 7: Hire and Train Employees

Hiring and training qualified employees is essential for the success of your security company in Oklahoma. When hiring security guards, look for individuals with previous security experience, military or law enforcement backgrounds, and strong communication skills.

Once you’ve hired your employees, you must provide them with the necessary training to perform their duties effectively. This may include state-approved security guard training programs, firearms training, specialized first aid, crisis management, and customer service courses. In addition, before hiring and training employees for your Oklahoma security company, you must obtain an EIN with the Internal Revenue Service.

Step 8: Invest in Equipment and Technology

Your Oklahoma company must invest in high-quality equipment and technology to provide top-notch security services. Some essential equipment for a security company in Oklahoma includes:

  • Uniforms and badges for your security guards
  • Firearms and non-lethal weapons (e.g., pepper spray, stun guns)
  • Security vehicles
  • Surveillance cameras and alarm systems
  • Communication devices, such as radios or smartphones
  • Computer hardware and software for managing your business operations

Step 9: Market Your Security Company

Effective marketing is essential for attracting clients and growing your security company in Oklahoma. Some marketing strategies include creating a professional website to showcase your services and expertise; printing and distributing business cards, brochures, and flyers; advertising online, in local newspapers, and on radio or television; offering discounts or promotions to attract new clients; networking with local business owners and community organizations; and participating in trade shows and industry events.

Step 10: Provide Excellent Customer Service

Providing excellent customer service is crucial for the success of your security company in Oklahoma. Strive to meet or exceed your client’s expectations by providing high-quality security services, addressing their concerns promptly, and maintaining open communication. You’ll build a strong reputation and encourage repeat business and referrals by consistently delivering exceptional customer service.

FAQs

What are the basic requirements for starting a security company in Oklahoma?
Firstly, register your security company with the Oklahoma Secretary of State. Secondly, obtain a private security license from the Council on Law Enforcement Education and Training (CLEET) in the state of Oklahoma.
How long does it take to obtain a private security license in Oklahoma?
It usually takes 4-6 weeks to process the license or registration applications submitted to CLEET in Oklahoma.
What is the minimum age for obtaining a security license in Oklahoma?
The minimum age to obtain a security license in Oklahoma is 18 years.
How do I renew my security license in Oklahoma?
To renew your security license in Oklahoma, you can check for renewal notices from CLEET. You will need to complete a certain number of continuing education credits to renew your license.
Do I need to submit a background check for obtaining a security license in Oklahoma?
Yes, you will need to submit a full background check for obtaining a security license in Oklahoma.
What type of security services can I offer in Oklahoma as a security company?
You can offer any type of security services that do not require a license to be performed in Oklahoma.
How much does it cost to obtain a CLEET license?
The application fee for obtaining a CLEET license is $70 and $100 background check fee.
What are the consequences if I operate a security business without a license in Oklahoma?
Operating a security business without a license in Oklahoma can result in legal and financial liabilities, civil penalties or criminal charges, and even imprisonment.
How can I find clients for my security company in Oklahoma?
You can find clients for your security company in Oklahoma by generating leads through internet searches, google ads, building alliences, attending conferences, or social media.
How much capital should I start my security company with in Oklahoma?
The amount of capital required to start a security company in Oklahoma depends on the types of services you want to offer. Thus, the capital needs can vary by business type.
Do I need insurance to operate my private security business in Oklahoma?
Yes, it is important to retain adequate insurance to eliminate or mitigate financial risks in protecting your own company and clients.
How can my employees obtain executive protection certification in Oklahoma?
The Executive Protection Board in Oklahoma governs and grants training, permits, and certifications for Executive Protection. Your employees can look for guidelines from the said Federal agency.
How much general liability do I need for my security company in Oklahoma?
You might need to increase or decrease the amount of general liability coverage for your security company in Oklahoma based on the magnitude of your services, for potential claims, legal ramifications, fire, or stolen property liabilities.
What are some primary challenges that I should consider starting a security company in Oklahoma?
Some of the common challenges you may face when starting a security business in Oklahoma include stiff competition considering municipalities regulate both private and government-provided security, statewide certifications, legal and regulatory obstacles, the financial risk of overhire, fluctuating labor scalability, etc.
How do I hire security guards in Oklahoma?
In Oklahoma, you have to screen potential employees after the requisite approvals and applications are submitted to CLEAT.
What are effective hiring methods to hire quality security guards in Oklahoma?
You may consider advertising through career websites, media and Craiglist ad, working with local police departments and agencies or an outsourced recruitment agency for specialized positions such as Executive Protection, Bouncers, VIP security and various types of surveillance.
Where can I find Security Guard training centers in Oklahoma?
Some Security Guard training centers in Oklahoma include Superior Security Academy, Adair Country Community College, Train Tough – Oklahoma Police Academy (where they hold security guard training too.), etc.
Which weapons are authorized by the state to be carried by these Private Security Companies in Oklahoma?
According to Oklahoma law, any weapon can be carried that is legal under state law. Companies using meth using drug paraphernalia should consider higher restrictions, fulfilling educational requirements, and prevent legal conundrums.
Can I use handcuffs as a guard in Oklahoma?
Yes, however, if a security guard exceeds their authorized limitations explicitly defined by Oklahoma law or department policy while handcuffing a suspect, have the possibility to be fired or charged with a violation as well.
How should security companies in Oklahoma handle access control system breaches by their guards?
First, the company should investigate promptly whether any theft, property damages, procedures were avoided or guards involved. Secondly, file a Victim’s Support Enrollment report with local law enforcement or, if it crosses county boundaries or is out of state, move to tribal law police to initiate the impeachment actions against the involved candidates. If necessary, inform both clients and depending on the magnitude, liability attorneys of the security providers.
What are the tips to grow a security business in Oklahoma?
Identifying demographically specific services areas, extending employment benefits including mileage or bonuses while augmenting productivity and cohesion at employees.
Do private security companies in Oklahoma need authorization from local authorities?
Private security services in Oklahoma do not need community, municipality or the state authorities in terms of jurisdiction of self-governance.
Does Oklahoma have any specific alarm or security laws or ordinances?
It has a State regulatory entity responsible for private security contract laws and the transmission of 911alerts.
How can a security guard gain effective real lifeguard skills in Oklahoma?
Aspiring security guards in Oklahoma may explore Military and Corrective field training programs including tactical drills, field practice education. There many sort of security permits from which an armed certificate separates a guard when guaranteed to carry able firearms at gun licensing courses listed on Guntransfer.com.
Does the Oklahoma regulations for aviation require that ground security personnel also undergo training?
Anyone who has an air terminal operator and intends to engage in ground support activities such as fueling has an air terminal generator and requires a law enforcement background check.
Can I run escort services under an Oklahoma licensed security firm?
The Council on Law Enforcement and Professional Training regulates escorting permitted under school contracts, juvenile detention, and lawful pursuits.
Can third-party brokers cooperate with private security companies in Oklahoma?
There are no private investigation services given out-of-territory as per state guidelines which hinge collaborative brokers’ associations to private security services license guidance again. So ultimately it depends on some market-driven factors and isn’t specifically defined.
Is it legal to fire guards that show up drunk or otherwise intoxicated in Oklahoma?
Yes, You can directly terminate an employee for suspicious unlawful infringement related to a violation or non-performance policies preventing severe accountability against supplementary risk factors and administrative violation findings.
What are the legal and financial ramifications when operating auto or LP gas open air security vehicles in Oklahoma?
To operate an open-air LP gas vehicle is permitted with only certified experienced individuals participating unless the law enforcement agency regulates and instruct methods used while on duty to operate. Risks of insurance affecting third-party liability fall on rent escrow cuty resulting in termination primarily.in order to effciently operation it.
Upon formation of a security firm in Oklahoma, should I create my LLC in the state?
You can form a security firm in Oklahoma however, if you need extensive training, law enforcement policing you can create an LLC filing with CAGED through rapid registration tools offered by this state, but make sure to include Oklahoma law enforcement and professional regulations factors in the company and employees’ rehabilitation plans.

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Conclusion

Starting a security company in Oklahoma can be rewarding and profitable. By following the steps outlined in this guide, you’ll be well on your way to establishing a successful security business in your area. Remember to be patient and persistent, as building your client base and reputation may take time. Your security company can thrive in the competitive Oklahoma market with dedication and hard work.

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