Forming an LLC in Oregon
Forming an LLC in Oregon in 7 easy steps
- Start by selecting a name for your LLC. The name must include an LLC identifier, e.g. "L.L.C." or "LLC." You are not allowed to include any of the words "cooperative," "corporation," "corp.," "incorporated," "Inc.," "limited partnership," "L.P.," "LP," "Ltd.," "limited liability partnership," "L.L.P.," "LLP" or "partnership" in the name. Derivations and abbreviations of the prohibited words are also barred. The name you pick must of course be unique, i.e. not used by another LLC, and adhere to trademark law.
- You don’t have to hire an attorney to create your Operating Agreement when forming an LLC in Oregon, but it can still be a good idea to let a legal expert check it before your proceed to the next step since an improper Operating Agreement can cause tax problems in the future.
- It is now time for you to head for the Oregon filing office to file the Articles of Organization for your LLC. The minimum filing fee when forming an LLC in Oregon is $50.
- Assemble the members (owners) of the LLC and adopt the Operating Agreement.
- You can now apply for a Federal Employer Identification Number (FEIN) for your Oregon LLC.
- Open up a company bank account for the LLC.
- Apply for permits and business licenses from the cities and counties in which you wish to be active.
Maintaining an LLC in Oregon
An annual report is due on the first anniversary date of a limited liability company formed in Oregon. The company also has to pay a $50 processing fee. After the first year, a renewal coupon needs to be sent in each year together with a $50 processing fee. You can also renew online and pay with a credit card.
