Oregon Professional Limited Liability Company PLLC Formation Package
What is this form?
The Oregon Professional Limited Liability Company (PLLC) Formation Package is a set of legal documents designed to help licensed professionals establish a Professional Limited Liability Company in Oregon. This form package is specifically tailored to comply with the regulations set forth in the Oregon Limited Liability Company Act and the Oregon Professional Corporation Act. It differs from standard LLC formation documents by considering the unique needs and legal obligations of licensed professionals in various fields.
Key components of this form
- Articles of Organization - outlines basic information about the PLLC, including name, purpose, duration, registered agent, and address.
- Operating Agreement - details the internal management structure of the PLLC and members' rights and responsibilities.
- Application for Federal Tax ID - necessary for tax identification and banking activities.
- Compliance checklist - ensures adherence to Oregon state laws regarding PLLCs.
When this form is needed
This form is essential for licensed professionals in Oregon, such as doctors, architects, and lawyers, who wish to provide their services through a formal business structure. Use this form when you are ready to create a PLLC to protect personal assets and comply with state regulations specific to your profession.
Intended users of this form
- Licensed professionals in Oregon who wish to form a PLLC.
- Individuals seeking to protect their personal assets while providing professional services.
- Business partners in a professional field looking to establish a collaborative business entity.
Instructions for completing this form
- Choose a unique name for your PLLC that complies with Oregon naming requirements.
- Complete the Articles of Organization, providing necessary details such as the registered agent's information and the LLCâs purpose.
- Draft and adopt an Operating Agreement that outlines the management structure and responsibilities of members.
- Submit the Articles of Organization along with the filing fee to the Oregon Secretary of State.
- Obtain a Federal Tax Identification Number (EIN) from the IRS to complete your PLLC setup for tax purposes.
Notarization guidance
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Choosing a name that is not compliant with Oregon's naming rules for PLLCs.
- Failing to properly outline the management structure in the Operating Agreement.
- Not confirming with your regulatory board regarding compliance requirements before formation.
Benefits of completing this form online
- Easy access to state-specific forms and guidance, ensuring compliance with legal requirements.
- Convenient download and editable formats to tailor documents to your specific needs.
- Reliable resources, as forms are drafted by licensed attorneys familiar with Oregon law.
Legal use & context
- The PLLC structure provides limited liability protection to its members for corporate debts.
- All members must be licensed professionals in the relevant field.
- The form must be filed with the Oregon Secretary of State for legal recognition.
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FAQ
A PLLC, or professional limited liability company, is a special type of LLC that may only be formed by licensed professionals for the purpose of rendering professional services. While this is not required, doing so can be beneficial for tax, liability, financing, and other reasons.
Members of a PLLC aren't personally liable for the malpractice of any other member. PLLC members are not personally liable for business debts and lawsuits, such as unpaid office rent. The PLLC can choose to be taxed as a pass-through entity or as a corporation.
Any person starting a business, or currently running a business as a sole proprietor, should consider forming an LLC. This is especially true if you're concerned with limiting your personal legal liability as much as possible. LLCs can be used to own and run almost any type of business.
A PLLC, or professional limited liability company, is a special type of LLC that may only be formed by licensed professionals for the purpose of rendering professional services. While this is not required, doing so can be beneficial for tax, liability, financing, and other reasons.
Professional LLCs PLLCs offer the same benefits as LLCs. The main difference between a LLC and a PLLC is that only professionals recognized in a state through licensing, such as architects, medical practitioners and lawyers, can form PLLCs.
The PLLC files a standard Form 1120, Corporate Income Tax Return, and pays taxes at the regular corporate tax rate. It retains earnings as a corporation, however, and doesn't distribute them to members for personal taxation.
Professional LLCs The main difference between a LLC and a PLLC is that only professionals recognized in a state through licensing, such as architects, medical practitioners and lawyers, can form PLLCs. The articles of organization are similar to those for a standard LLC, but extra steps are necessary to file.
How much does it cost to form an LLC in Oregon? The Oregon Secretary of State charges a $100 fee to file the Articles of Organization. Oregon LLCs are also required to file an annual report each year with the Secretary of State. The filing fee for domestic LLCs is $100 and the fee for foreign LLCs is $275.
Regarding the management flexibility and taxation, a PLLC has the same advantages of an LLC. The difference between the two is that the PLLC has some restrictions on who may be a member of the PLLC and the limitation of liability of the members. With an LLC, anyone can be a member, or owner, of the business.
