Oregon companies

Oregon Limited Liability companies (LLCs)

Oregon Limited Liability Companies (LLCs) provide the benefits of other forms of U.S. businesses without most of the restrictions that are involved. Oregon LLCs are tax free on business transactions outside the U.S. and whose members are non-residents. The reasons for setting up an Oregon LLC include:

  1. Perpetual duration; the LLC continues operating even after the death or absence of its members.
  2. Owners report profits and losses on individual tax returns.
  3. The owners are not required to be U.S. citizens or residents.
  4. Annual meetings are not a statutory requirement.
  5. Personal liability protection from business debts.

Requirements to set up an Oregon LLC include:

  1. The name of the Oregon LLC must not be similar to that of a company already registered in Oregon.
  2. The name of the Oregon LLC must end with the words “Limited Liability Company”, “L.L.C.” or “LLC”.
  3. A registered office and a resident agent in Oregon are required.
  4. The Articles of Organization prepared by the registered agent must be filed with the Oregon Secretary of State.
  5. An Oregon LLC may be set up with at least one member.

Characteristics of Oregon LLCs:

  1. An Oregon LLC is owned by its members.
  2. No Board of Directors; the manager is responsible for its members.
  3. An Oregon LLC does not issue shares.
  4. An Oregon LLC is a legal business entity treated separately from its owners.
  5. The members of an Oregon LLC manage the business.
  6. An Oregon LLC can be owned by non-residents, corporations, companies, partnerships, trusts, charitable organizations, U.S. residents, etc.

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