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Start an S corp in Oregon Step 1 – Choose a name. Step 2 – Designate your registered agent. Step 3 – File the Oregon Articles of Organization. Step 4 – Create an operating agreement. Step 5 – Apply for an EIN. Step 6 – Apply for S Corp status with IRS Form 2553.

Is there a minimum salary for S Corp shareholder-employees? No — the IRS can't require a minimum salary for self-employed workers. The requirement only comes into play if you're paying distributions to shareholders.

Every OAR uses the same numbering sequence of a three-digit chapter number followed by a three-digit division number and a four-digit rule number. For example, Oregon Administrative Rules, chapter 166, division 500, rule 0020 is cited as OAR 166-500-0020.

Starting a sole proprietorship in Oregon is straightforward. There's no formal setup process or fees involved. To operate one, just start working. However, even though it's easy to start, there are some extra steps you might want to consider.

Yes, it is possible to establish an S-corp as a one-person business. While traditionally S corporations are formed with multiple shareholders, the IRS allows a single individual to set up an S corporation. As an individual, you can be the sole shareholder, director, and employee of the S-corp.

A sole proprietorship is a non-registered, unincorporated business run solely by one individual proprietor with no distinction between the business and the owner. The owner of a sole proprietorship is entitled to all profits but is also responsible for the business's debts, losses, and liabilities.

Does Oregon require corporations to have bylaws? Yes. Per OR Rev Stat § 60.061, initial bylaws must be adopted by your company's board of directors or incorporators, which typically happens during the first board meeting. Your company could face serious consequences without corporate bylaws, especially in a legal suit.

There are important differences between LLCs and sole proprietorships. The most significant difference is whether you have limited liability for the business' debts and obligations, as with an LLC, or whether the business' liabilities and obligations fall to you personally in the event of a lawsuit or debt collection.

In Oregon, you can start a sole proprietorship without filing any paperwork with the state government, unless you choose an assumed business name, need licenses and permits to operate, or will be hiring employees.