In Oregon, you should form an limited liability company.
It's an exciting first step in building a business and career for you if you form your own company.You will have to file information with the state of Oregon and pay certain fees before you can start a business.Learning what is required by these forms and what to expect after you create your limited liability company can help the process of starting and managing your company go as smoothly as possible.
Step 1: Think of a name for your business.
Before you can start the paper work and filing process for your limited liability company, you need to think of a name.The name can be anything you want it to be.There are limits and regulations that must be included in the name of your company.You need to include the name of the company in your name.You will need to fill out additional forms if you use words such as "bank" or "engineering".It is against the law to include words such as "FBI" in your company's name.You have to have a different name than the ones already existing in Oregon.You can find names that have already been taken at http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.
Step 2: A registered agent can be found here.
You have to have a registered agent when you apply for an limited liability company in Oregon.The one who handles legal paper work for you is a registered agent.You will need a street address for your registered agent when applying for a limited liability company.Any business can serve as your registered agent.You have to give your consent to your agent.
Step 3: Prepare the organization articles.
In the state of Oregon, you will be required to submit articles of organization.The public record of these articles will include identifying information about your company.The name of the company and how long it will last are important information for your articles of organization.Your agent.The street address of the registered agent.You can receive notifications at the address.The business has a name and address.How your company will be managed.Licenses for professional services are available.
Step 4: Pay the costs.
There is a fee for filing a limited liability company.Depending on your use of outside services, the fee will vary.The paper work will cost you a fee if you file it yourself.The Secretary of State of Oregon requires a $100.00 filing fee.You will have to pay unique fees if you hire the service of a filing company.
Step 5: Obtain a federal identification number for your employer.
You will need to apply for a federal employer identification number if you want to hire others or have more than one member.It is necessary to have this number in order to comply with federal tax laws.You can apply for an employer identification number online.
Step 6: You can hire employees.
You can start to hire employees if your business plan calls for it.When you have employees working for you, there are certain legal requirements that need to be met.You must deduct income taxes from employees' pay if you want them to work for you.To work in the United States of America, employees must be legal.You need to meet state requirements for income levels.Various forms of insurance are required for your employees.
Step 7: You should consider if you need business licenses.
Depending on the nature and location of your business, you may need to acquire licenses.You will need to check with your local governments to learn more about any licensing requirements they might have for you.Do you know if your business requires licenses?You can check the license directory on-line.
Step 8: You can file your reports with the state.
The annual report must be filed with the Oregon Secretary of State.The reports need to be filed each year and submitted before the founding of the company.The reports have to be filed on-line.You will need to enter your registry number to begin the process.Late fees will result from filling your annual report late.Domestic limited liability companies pay a standard filing fee of $100 dollars.Fees for foreign companies will be $275.