Steps to Forming an Oregon Corporation
Information We Need From You to Start Your Corporation
1: Select a Name: Your company name must include the word Corporation, Company, Incorporated, Limited or an abbreviation of one of those words.
2: Authorize Shares: The owners of a corporation are known as shareholders. The shareholders own shares of stock in the corporation, which designates ownership and gives them voting rights. Oregon requires you to designate how many shares you are initially authorizing. Typically, you would authorize a small number of shares, say 100. At the first shareholders meeting, you would issue 51% of those shares to yourself, giving you control of the company. The remaining shares can be saved for future business partners.
3: Choose Management: A corporation is managed by its Directors. The Directors are in charge of setting company policy, determining salaries and bonuses, issuing additional stock, and appointing the corporate officers (President, Treasurer, Secretary). In most cases, you would simply appoint yourself the sole Director and take on the roles of the corporate officers.
4: Remaining Info Needed to File:
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Registered Agent: lawful registered agents must maintain a physical street address within the state. This is called a registered office (cannot be a PO box). All our Speedy filings come with one free year of Oregon registered agent service by Northwest Registered Agent. This service keeps your private home and office addresses out of the public record and fulfills your registered agent, mailing and principal office requirements.
Form Your Corporation Here Online
Steps to Forming an Oregon LLC
Information We Need From You to Start Your LLC
1: Select a Name: Your company name must contain the words Limited Liability Company or the abbreviations LLC or L.L.C. If you want to know if your company name is currently available, you can perform an Oregon business name search.
2: Membership: LLCs are owned by their members. Unlike a corporation, members do not receive shares of stock. Instead, they are given an ownership percentage which is usually—though not always—based upon the amount they have contributed to the LLC.
3: Choose Management: LLCs are generally overseen by their members. There are no directors or corporate officers. Instead, members establish company policies, determine financial decisions and conduct the daily business operations. However, an LLC may also choose to appoint a manager to run the company. In that case, managers can be either members or outside parties.
4: Remaining Info Needed to File:
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Duration: if you want your LLC to dissolve on a specific date later in the future, you can designate the date, otherwise the duration is to be perpetual.
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Registered Agent: all legal registered agents maintain physical street addresses within the state of Oregon, called registered offices (cannot be a PO box). All of our Speedy filings come with one free year of Oregon registered agent service. This free service keeps your home and office addresses out of the public record and fulfills your registered agent, mailing and principal office requirements.
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Management: whether your LLC will be managed by its members or a manager.
Form Your LLC Here Online
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