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A limited liability company (LLC) offers liability protection and tax advantages, among other benefits for small businesses. LLC formation in Oregon is easy. Just follow these six steps, and you'll be on your way. Ready to start your business? Plans start at $0 + filing fees.
Benefits of a Corporation The Oregon Business Corporation Act includes laws and regulations for corporations doing business in the state of Oregon. By forming a corporation, the owner's personal assets aren't at risk for legal or financial issues relating to the business.
Corporate bylaws are legally required in Oregon. § 60.061, corporate bylaws shall be adopted by the incorporators or the corporation's board of directors. Bylaws are usually adopted by your corporation's directors at their first board meeting.
Benefits of starting an Oregon LLC: Protect your personal assets from your business liability and debts. Simple to create, manage, regulate, administer and stay in compliance. Easily file your taxes and discover potential advantages for tax treatment. Low cost to file ($100)
Shareholder action by written consent refers to corporate shareholders' right to act by written consent instead of a meeting. This type of consent avoids some of the negative characteristics of shareholder meetings.
The Oregon Limited Liability Company Act allows companies to enjoy the taxation that partnerships do as well as the personal liability that corporations enjoy.
A limited liability company (LLC for short) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.