Simple Steps to Start Your Oregon LLC

One of the northernmost states in the U.S, Oregon borders the Atlantic Ocean on the West Coast. It is an extremely geographically diverse and beautiful state, and it is home to the largest living organism on the planet! The state’s economy is driven by timber, agriculture, energy, tourism and technology.

If you want to start your own business in Oregon, one of the best ways to do so is by forming an LLC.

Oregon Limited Liability Companies (LLCs) are a business entity designed for startups and small- and medium-sized businesses. Forming an LLC is fast, easy and inexpensive. LLCs offer many of the protections and advantages of large corporations without all the rules, regulations and compliance issues common to larger business entities.

Let’s start by looking at the advantages of forming an Oregon LLC.

Advantages of Forming an LLC in Oregon

Oregon LLCs have several benefits for business owners.

• The preparation to start an Oregon LLC is quick and easy: You can complete all the necessary forms and actions online to start your company. You can gather and prepare the information to start your business in an hour or two.
• An LLC limits your personal liability: Any liabilities created by your Oregon business (debts, obligations and other liabilities) are legally considered to be completely separate from your personal assets as the business owner or founder.
• Oregon LLCs are easy to maintain: LLCs are light on rules and regulations. There’s no need for boards of directors, complex rules and regulations or formal annual meetings.
• LLCs are very easy to manage: General administration is fast and easy. Add and amend members and make other changes with just a little paperwork.
• Taxes are simple: Any income you earn through your Oregon LLC is reported on your personal tax return. This means you won’t run into “double taxation” issues common with larger corporations.
• Turnaround times for forming an LLC in Oregon: You will normally have the option of a “Standard” turnaround time and an “Expedited” turnaround time for forming your LLC. You can learn about those times here.
• Forming an LLC in Oregon is cost-effective: Learn about standard filing costs here.

Start your Oregon LLC in Six Steps

1. Name Your Oregon LLC

• You will need a distinctive, original name for your Oregon LLC that’s not used by another business in Oregon
• To find out if another company is using your choice of business name, carry out an Oregon business entity name search
• The name should be unique and not able to be confused with the name of another Oregon business
• The name of your business must end with “Limited Liability Company” or the abbreviation “LLC” or “L.L.C.”
  • For example: “Oregon Hydroelectric Turbine Parts LLC” or “Armisen Brownstein and Sons, Limited Liability Company”

2. Provide the Address for Your New Oregon LLC

An Oregon LLC must have a designated street address. That could be your home address (if you’re running the company from your residence), where your office is located or any physical address of your preference — even outside of Oregon. It can even be a P.O. Box.

3. Assign a Registered Agent for Your Oregon LLC

Every Oregon LLC must have a “registered agent.” That could be you, the managing director, owner or a dedicated registered agent service. The registered agent in Oregon is someone who receives official legal and tax correspondence and has responsibility for filing reports with the Oregon Secretary of State.

At Incfile, all of our packages include a Registered Agent service that is free for the first year and just $119 per year thereafter. We also have a dashboard where you can log in and easily view any document your registered agent has received on your behalf. Here are a few reasons you might want to appoint Incfile as your registered agent service:

• The registered agent must have a physical street address in the state where you are forming the company. Some people establish companies outside of the state they live in and will need to use a registered agent service to provide the address.
• You always need to have someone on hand to receive important documents for your business during business hours (typically 9 a.m. to 5 p.m. Monday to Friday). Therefore, a person must always be available to sign for legal correspondence.
• The registered agent’s name and address are part of the public record and available through the Oregon Secretary of State's website. If you would prefer your name and address are not published, this is a good reason to choose a registered agent service.
• If you change your Oregon business address or move out of state, you don’t need to file additional documentation with the Secretary of State for the new address of your registered agent. You will need to set up a new registered agent service in the new state.

4. You Should Provide Names and Addresses of all Oregon LLC Members

Your Oregon LLC members are the people who own and run the business. They will be the individuals who withdraw profits from the business to pay themselves. Oregon requires you to list the names and addresses of all managers or members when you register the Oregon LLC. You can register these addresses as street addresses or P.O. Boxes.

5. You Need to File Articles of Organization With the Oregon Secretary of State

Once you've gathered all the information together for your LLC, you’ll need to file a formal document with the Oregon Secretary of State to create your LLC. This document is known as your Articles of Organization and filing it starts the process of creating your Oregon LLC. You can do this online, mail in a form or have Incfile do it on your behalf.

6. You Can Create an Oregon LLC Operating Agreement

Oregon LLCs aren’t required to have an Operating Agreement, but they are extremely useful for several reasons. Your Operating Agreement covers how the business will be run, how managers and members are chosen, the rights and duties of members and several other key areas. Learn how to create your Operating Agreement here.

If you’re interested in having your Operating Agreement created for you, Incfile will draft a general Operating Agreement within most of our online business formation packages. It can also be selected as an add-on option in our Silver package. This Operating Agreement will be a basic template that you can make changes to anytime you see fit.

You can find lots more useful information on how to form an LLC here. It answers questions like:

• Who can form an LLC?
• Where should you form an LLC?
• When should you form an LLC?
• What are the ongoing responsibilities for an LLC?

Starting Your Oregon LLC: Useful Resources

• Oregon Secretary of State website
• General business information from the Oregon Secretary of State
• Checking name availability for your Oregon LLC

Form an Oregon LLC Without Breaking the Bank

Incfile provides a cost-effective service to help you create your LLC. We guide you through the process and handle most of the administrative steps on your behalf, such as filing the Articles of Organization. Our basic package also provides free Registered Agent service for the first year. If you're looking for help starting an LLC, our comprehensive services provide outstanding value.