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Starting an LLC in Oregon will include the following steps: #1: Name Your Oregon LLC. #2: Choose a Registered Agent. #3: File Your Articles of Organization. #4: Create Your Operating Agreement. #5: Get Your EIN From the IRS.
You can form an LLC in Oregon in 2-3 business days if you file online (or 6-8 weeks if you file by mail).
Starting an LLC costs $100 in Oregon. This is the state filing fee for a document called the Oregon Articles of Organization. The Articles of Organization are filed with the Oregon Secretary of State. And once approved, this is what creates your LLC.
Disadvantages of creating an LLC Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees.
An Oregon foreign LLC was not formed in Oregon but plans to do business there. Registering a foreign LLC in Oregon involves submitting an Application for Authority to Transact Business to Oregon's Secretary of State and paying a $275 state filing fee.
Prepare articles of organization and file them with the Oregon Secretary of State to register your Oregon LLC properly. Though it sounds like a big job, that simply means filling out a relatively simple online form and submitting it. You can also send it by mail.
Don't confuse this with your employer identification number (EIN), which is a 9-digit number assigned by the IRS. Your BIN ID is not the same thing as your Business Registry Number. Oregon issues a registry number at the time you register your business with the Secretary of State's Corporation Division.
A certified copy of your Articles of Organization or Articles of Incorporation can be ordered by fax, mail or in person, but we recommend faxing. Normal processing takes up to 7 days, plus additional time for mailing, and costs $15.