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The Oregon Limited Liability Company Act allows companies to enjoy the taxation that partnerships do as well as the personal liability that corporations enjoy.
Washington state doesn't legally require an LLC to adopt a written operating agreement. However, a written operating agreement is important for proving ownership and limited liability status. It can also help you resolve disputes.
ORS Chapter 65 ? Nonprofit Corporations.
Section 63.130 - Rights of members and managers; matters requiring consent of all or majority of members (1) In a member-managed limited liability company, unless otherwise provided in the articles of organization or any operating agreement: (a) Each member has equal rights in the management and conduct of the limited ...
To start an LLC in Oregon, you'll need to choose an Oregon registered agent, file business formation paperwork with the Oregon Secretary of State's Corporations Division, and pay a $100 state filing fee.
If you are the lone owner of an LLC (Single Member LLC), you need create an operating agreement to give your company credibility. This ensures that the Limited Liability status of your LLC is upheld by the courts.
The state of Oregon does not require an LLC to have an operating agreement. Nonetheless, it is highly advisable that an LLC create this document because it can protect its members from being held personally liable if it is sued.
In addition, the name of the limited liability company must contain the words "limited liability company" or the abbreviation "L.L.C." or "LLC." If the name is distinguishable and the articles conform to Oregon statute, Business Registry processes the document and returns an acknowledgment to the customer.