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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.
Characteristics of Business Organizations ABMust create bylaws or operating proceduresCorporationDoes not even require a business nameSole ProprietorshipThe majority of U.S business nameSole ProprietorshipMust register the business name and the names of all ownersPartnership8 more rows
Corporate bylaws are legally required in Oregon. Rev. Stat. § 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.