Incorporate In Oregon

Located in the Pacific Northwest of the USA, Oregon, the “Beaver State” is the 9th largest and the 27th most populous American state. Oregon's economy relies on agriculture, tourism, forestry, fishing, and technology.

The Oregon state is home to several Fortune 1000 large corporations, one of the most famous of which is Nike, Inc.

Benefits of incorporating in Oregon:

Protection of personal assets

When incorporating in the USA, foreign entrepreneurs can feel confident that their personal assets are protected. Corporations and limited liability companies separate the assets and liabilities of companies from the personal assets of the business owner.

Ability to open bank account

Forming a company is the first step for a non US resident to open a bank account. A US bank account gives businesses access to a debit card, and the potential to open a merchant service account. Internet commerce is made much easier with a US bank account because companies like PayPal, Amazon and EBay considered you more qualified as a vendor.

Enhanced credibility

Whether starting a new business or incorporating an existing one, incorporation makes a business appear more credible to potential customers, suppliers and investors. You also have the security of operating under US law.

Your corporate name can boost your brand

Oregon requires that C corporations and LLCs not have a name that is the same or could be confused with a business already in existence. To make sure your business name is eligible Inc. Plan can help you choose a distinctive C corp or LLC name. A unique corporate name enhances your company’s reputation and also helps protect the identity of your brand.

Tax flexibility and benefits

The type of business entity you choose in Oregon determines the nature of the charges to which your company will be subject. C-corps are subject to taxes based on the business’ net income. LLCs are subject to taxes based on its member’s personal revenue. Oregon allows corporations whose only activity consists of sales to apply for an alternative tax.

Residency Requirements

Oregon does not have any residency requirements. Owners and directors do not need to live in state to legally operate an Oregon company. Before your firm is legally eligible to operate make sure you possess all the required business licenses, permits, and tax registrations. Inc. Plan can help you stay in compliance with state law.

Other incorporating requirements

C-Corps and LLCs must at least one director/member.

Requirements for forming an LLC in Oregon:

When forming a Limited Liability Company certain steps must be taken to keep the business in compliance on an ongoing basis.

Name requirements for LLCs

LLCs must contain the terms “Limited Liability Company” or the abbreviations “LLC” and “L.L.C..” The words “Bank,” “Banc” or “Bancorp” must be approved by the Department of Banking in order to be included in an LLC’s name. Company names including the term “Cooperative” and “Association,” or terms in parentheses are not allowed.

LLC filing requirements

Entrepreneurs looking to form LLCs in Oregon must file articles of organization with the state. Oregon LLCs must submit an annual report on or before the incorporation’s anniversary date.

Required information for the Article of Organization

The Articles of Organization must contain the name and address of a registered agent who resides in Oregon and who is available to manage legal and tax business documentation. For more help with the initial corporate filing or with registered agent services contact Inc. Plan (USA).

LLC taxes and fees

Oregon LLCs can elect to be taxed as C corps or partnerships. If an LLC chooses to be taxed as a partnership then it will be charged based on its members’ personal income return. LLCs that choose to be taxed as C corps will have their taxes assessed on the net income of the business. The state requires an EIN for Limited Liability Companies that hire employees.

Requirements for forming a C corporation in Oregon:

Each of the 50 American states has its requirements for incorporating. The essential requirements for C corporations established in Oregon are as follow:

Name requirements for C corporations

Oregon allows organization names that include the terms “Company,” “Corporation,” “Incorporated” or “Limited,” along with their abbreviations. Names including “Cooperative” and terms in parentheses are not allowed. A Corporation’s name must also be comprised of English letters “a” through “z”.

Filing requirements in Oregon

Entrepreneurs looking to start businesses in Oregon must file articles of incorporation with the state. Businesses must file an annual report due on or before the incorporation’s anniversary date. The fee for submitting an annual report is $50.

Required information for the Article of Incorporation

The Articles of Incorporation are required to list the company’s authorized shares along with their assigned per value. Entrepreneurs must also include the name of a registered agent with a physical address in Oregon. Inc. Plan (USA) can help you with the initial filing process and with finding qualified registered agent service.

Taxes and fees requirements

C Corps are subject to corporate income tax based on the revenue generated from business activity conducted in Oregon. C-corps that generate income from sales can qualify for alternative tax. The alternative tax applies if the company doesn’t own or lease any property in Oregon, and if the annual gross sales are less than $100,000. In some counties and municipalities, there may also be a local tax.

If you are ready to get started you can fill out our application or call 1-302-428-1200 for a Free 30 Minute Live Consultation.

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