Legal Bueno

    How to Start Your LLC in Oregon

    Legal Bueno helps with everything you need to start your business. We take care of all the paperwork so you don't have to worry about it. Want to learn more about the process we handle? Keep reading!

    Quick Summary:

    • Filing Fee: $100
    • Turnaround time: 2-3 business days

    How do I start an LLC in Oregon?

    Thinking about starting an LLC? The process is pretty similar across the states. You'll start by picking a unique name for your business (you'll need to check to make sure it hasn't been taken!) and then filing some paperwork—usually called Articles of Organization or a Certificate of Formation—with your state's agency.

    If you want to check the name availability for Oregon, visit https://sos.oregon.gov/business/Pages/find.aspx.

    After that's taken care of, you'll want to draft a governing doc for your business called an operating agreement & find any licenses you might need. Just keep in mind that each state has its own little quirks, so it's always a good idea to double-check specific requirements for your area.

    What are the costs & processing times of starting a business in Oregon?

    Here's the rundown for Oregon:

    • The filing fee is: $100
    • There are ongoing fees of $100 (every year)
    • It usually takes 2-3 business days if you're filing online or 4-6 weeks (plus mail time) if by mail.

    Why Oregon is a great state for your LLC

    Starting a company in Oregon comes with a variety of benefits that can be highly advantageous for entrepreneurs. Here are some key advantages:

    • Tax Incentives: Oregon offers several tax incentives that can reduce financial burdens for new businesses. For instance, qualifying for the Oregon Investment Advantage allows businesses in certain counties to deduct taxable income related to operations, supporting growth during crucial early years.
    • Limited Liability Company (LLC) Benefits: Forming an LLC in Oregon is often the quickest and simplest option for entrepreneurs. Benefits of establishing an LLC include:
    • Alternative Corporation Options: If an LLC does not fit your business model, Oregon also allows for the formation of corporations, providing flexibility in choosing the right entity for your business needs.
    • Supportive Business Environment: Oregon's overall business environment is conducive to startups, with a growing network of resources, accelerators, and community support available for new ventures.

    In summary, Oregon presents a strong case for starting a business, with valuable tax incentives, robust legal protections through LLCs, and an encouraging ecosystem for entrepreneurs.

    Legal Requirements

    Remember! Legal Bueno will handle all of these requirements for you, but if you're interested, here are the legal requirements for Oregon:

    Articles of Organization

    The articles of organization must include:1. The name of the LLC;

    1. The address, including street and number, and mailing address, if different, of the LLC's initial registered office and the name of its initial registered agent at that office;
    2. A mailing address to which notices, as required by the LLC Act, may be mailed until an address has been designated by the LLC in its annual report;
    3. If the LLC is to be manager-managed, a statement that the LLC will be manager-managed or a statement that the LLC is to be managed by a manager or managers;
    4. The name and address of each organizer;
    5. The latest date on which the LLC is to dissolve or a statement that its existence is perpetual; and
    6. If an LLC is to render professional service or services, the professional service or services to be rendered through the LLC.

    The articles of organization may set forth any other provisions, not inconsistent with law, for the regulation of the internal affairs of the LLC.

    Or. Rev. Stat. § 63.047

    Filing fee: $100

    Filing Process

    After you've prepared the initial formation documents, you need to file it! Here is what Oregon laws require for filing:

    For any document required or permitted to be filed with the secretary of state, the document must: 1. Contain the information required by the LLC Act and may contain other information;

    1. The document must be legible;
    2. The document must be in the English language. The certificate of existence required of foreign LLCs need not be in English if accompanied by a reasonably authenticated English translation;
    3. Each document or report must be properly executed;
    4. If the secretary of state has prescribed a mandatory form for the document, the document must be in or on the prescribed form; and
    5. The document must be delivered to the office accompanied by the required fees.

    Or. Rev. Stat. § 63.004

    Additional Legal Considerations

    Here are some additional relevant laws that might be useful when operating your business in Oregon:

    Operating agreements

    Or. Rev. Stat. § 63.057; Or. Rev. Stat. § 63.431

    Certificate of existence or authorization

    Or. Rev. Stat. § 63.027

    Annual report

    Or. Rev. Stat. § 63.787