Timeframes and Costs
How long does it take to form an LLC in Oregon? If you choose to file your articles of organization online using Oregon’s online platform, your LLC will be registered in as little as one business day. If you want to mail in a paper form, the projected processing time is about three to four weeks.
The main cost to start an LLC in Oregon is $100.00 for filing your Certificate of Formation. You will also need to file an annual report with the state of Oregon on a yearly basis, which also costs $100.00.
To change your registered agent in Oregon, you must complete and file a Change of Registered Agent/Address-Corporations/LLC form with the Oregon Secretary of State, Corporate Division.
Business Names and Identity
Your business name is your business identity, so choose one that encapsulates your objectives, services, and mission in just a few words. You probably want a name that’s short and easy to remember, since much of your business will come from word-of-mouth referrals.
Types of LLCs and Taxation
An Oregon LLC offers liability protection and is a simple business entity that’s easy to start in Oregon.
In Oregon, LLCs can have one or more organizers. Since organizers are only needed when forming the company, you could serve as the organizer if you want to form a single–member LLC.
A Series LLC in Oregon is a type of LLC that allows you to create a series of separate divisions or subsidiaries within the main LLC.
All Oregon LLC business members or managers who take profits out of the LLC will need to pay self-employment tax. This tax is also known as FICA, Social Security or Medicare tax.
From a legal perspective, there are three main types of Oregon for-profit business entities: LLCs, S Corporations or C Corporations. An LLC provides the right mix of liability protection and ease of administration for most entrepreneurs.
Starting Your Oregon LLC
To start an Oregon LLC, you’ll need to file the Articles of Organization with the Oregon Secretary of State, which costs $100. Follow our step-by-step guide on how to start an LLC in Oregon to get started today.
Business Formation Process
How long does business registration take in Oregon? Time to process your corporation or LLC formation varies by state with routine processing taking 4 – 6 weeks. In states where it is available, Rush Processing will reduce the time to about 2 – 3 business days.
What Is an Oregon LLC? A limited liability company or LLC is a legal business entity. An Oregon LLC combines the limited liability typically associated with corporations with the pass-through taxation of a sole proprietorship or partnership.
Do you need an EIN for your Oregon LLC? Yes, you need an EIN for your Oregon LLC. The EIN stands for "Employer Identification Number," which is necessary for running a business.
Taxation flexibility. An LLC in Oregon has the choice of being taxed as a Sole Proprietorship, Partnership, or Corporation. The filing fee for domestic LLCs is $100 and the fee for foreign LLCs is $275.