Yes, Oregon requires all business entities to list a Registered Agent on their LLC formation paperwork. A registered agent, also known as an agent for service of process, is a person or business authorized to accept legal, tax, and financial documents on behalf of your business.
Qualifications for Registered Agents in Oregon
In Oregon, you can be your own registered agent for your LLC, or it can be another member of the LLC, an outside individual, or a qualified business service. The requirements to be a registered agent are:
- Must be 18 years or older.
- Must be an individual or business with a physical street address in Oregon.
Roles and Responsibilities
A Registered Agent is officially designated to receive official paperwork and legal notices on behalf of a corporation or limited liability company (LLC) in Oregon. The agent is responsible for ensuring compliance with state law and receiving documents such as:
- Legal summons and subpoenas.
- Tax notices.
- Annual report forms.
To form an LLC in Oregon:
- Name and principal address of your LLC.
- Appoint a registered agent.
- File Articles of Organization.
- Pay required fees.
- Draft Operating Agreement.
- Obtain EIN.
- Make annual filings.
Initial and Ongoing Costs
The main costs for an Oregon LLC include:
- A $100 filing fee when registering.
- A $100 annual report fee.
Optional costs include:
- Renewing an assumed business name ($50).
- Hiring a commercial registered agent service.
Filing with the Oregon Secretary of State
To establish an LLC, you must submit the Articles of Organization and pay a one-time filing fee of $100. Annual filing requirements include:
- Annual report each year with a filing fee of $100 for domestic LLCs.
- For foreign LLCs, the annual filing fee is $275.
It’s important to maintain good standing with the state for the longevity of your business.
As your business grows, here are some of the optional expenses you might encounter:
- Employer Identification Number (EIN) for your LLC.
- Assumed business name renewal every two years.
- Annual fees for LLC owners, such as the $100 annual report filing with the state.
- File Oregon Articles of Organization.
- Pay the $100 fee.
- If needed, obtain certified copies of documents or a Certificate of Existence for a $10 fee each.
- Reserve a business name for 120 days for a $100 fee if desired.
Mailing Address for Paper Forms:
Oregon Secretary of State Corporation Division
255 Capitol St. NE, Suite 151
Salem, OR 97310-1327
Oregon Registered Agent Fees
While there are no ongoing fees for a self-appointed registered agent, commercial registered agent services may charge an annual fee.
Oregon LLC Annual Expenses:
- Annual Report: Filing fee of $100.
- Assumed Business Name Renewal: $50 every two years.
Maintaining an LLC involves understanding and planning for both initial and ongoing costs to ensure compliance and financial stability.