How to Start an LLC in Oregon
- Name Your Oregon LLC
- Choose a Registered Agent
- What Is an Oregon LLC?
- Steps on How to Start an LLC in Oregon
- Step 1: Name your LLC in Oregon
- Step 2: Hire a Registered Agent in Oregon
LLC Formation Time in Oregon
How long does it take to form an LLC in Oregon?
The time required for Oregon corporation or LLC to be formed will depend entirely upon the Oregon Secretary of State’s office. Many states process filings promptly and efficiently but many don’t and can be very slow unless Expedited Processing is used.
Taxation of Oregon LLCs
How are LLCs taxed in Oregon?
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. It applies to all the earnings you withdraw from your Oregon business.
Single Member LLC in Oregon
Does Oregon allow single member LLC?
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.
Business Entity Selection
From a legal perspective, there are three main types of Oregon for-profit business entities: LLCs, S Corporations or C Corporations. We believe an LLC provides the right mix of liability protection and ease of administration for most entrepreneurs.
Business Name Selection
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, and your initial business in particular, will come from word-of-mouth referrals.