Establishing a Sole Proprietorship
A sole proprietorship has one owner. To start, decide on a business name. You can use your own name or create a separate "doing business as" (DBA) name. Next, register your DBA name locally. You also need business licenses and permits from state and local agencies to operate legally. Requirements vary by location, so check with your state and local government offices. You don’t need to file paperwork to create a sole proprietorship like with an LLC or corporation. You can simply start doing business under your name or registered DBA. As a sole proprietor you have unlimited personal liability for debts and obligations of the business.
Registering a Sole Proprietorship in Oregon
In Oregon, registering a sole proprietorship involves a few key steps. Follow these steps to ensure compliance: Obtain an Employer Identification Number (EIN) Register for Oregon State Taxes. A sole proprietorship is the most common form of business in Oregon because it offers a fast, inexpensive, and simple way to start a business without as much red tape.
Business Registration Regulations in Oregon
Do you need to register a sole proprietorship in Oregon? A sole proprietorship has one owner. To start, decide on a business name. You can use your own name or create a separate "doing business as" (DBA) name. Register your DBA name locally. You also need business licenses and permits from state and local agencies to operate legally. Requirements vary by location. Check with your state and local government offices. You don’t need to file paperwork to create a sole proprietorship. You can simply start doing business under your name or registered DBA. As a sole proprietor you have unlimited personal liability for debts and obligations.
While sole proprietorships have some advantages, there are also disadvantages you should know. We’ve explained these, as well as instructions if you start one in Oregon.
In Oregon, registering a sole proprietorship involves a few key steps to ensure compliance: Obtain an Employer Identification Number (EIN). Register for Oregon State Taxes. A sole proprietorship offers a fast, inexpensive way to start a business without red tape.