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so let's start a business showing first thing we're gonna do is go to this website right here and follow along with the video as we go we can always pause and rewind if I go too fast for you we're gonna click sign up now and and make ourselves an account you will have to put in your own information here this information is not public yet so go ahead and put in your own personal information to make this organ secretary of state information and once you've done that you will go to application management in this left toolbar to choose the right application so there's application management we're gonna pick organ business registry and hit submit so that it moves into this it says my filing and we'll hit submit again and then we can enter into the full website where we're going to do that by clicking on organ business registry so a lot going on here we're gonna hit click start kind of straightforward and this will be the big part well you'll need to pause the video after you click register name and choose a domestic limited liability company almost everybody is going to want that have to fill out the information on this page under each little arrow and when we get down to statement of management I'll have some clarification for you so go ahead and pause the video for a moment and if you have any questions just start playing again and hopefully I'll answer them so you are going to want to be a manager of managed company this gives you a lot more flexibility to be a manager yourself or appoint someone else as a manager so we're all going to be picking manager managed under statement have managed management and then when you click on member manager you will probably want to add yourself right now as a member or manager you can be both you just have to sign up that way your bank may require you to be listed as a member manager to do banking things um so you may want to add that now but I'm not going to in this video but you'll probably want to hit yes and put yourself alright so professional services rendered this specifically means chiropractors architects accountants nature paths even if you think you're a professional if you don't do one of these tasks you're not technically a professional in the eyes of the Oregon State so we're gonna say no here unless you're one of those few and then you want to make sure that you click this company elects to identify its members managers employees and agents you need to click this box even though it's not showing check in this video make sure that you check this box before you hit continue I didn't do this the first time and I had to call the Oregon Department of State and have them bailed me out now fortunately they were very helpful as many of the Oregon departments of government offices are so just call them up ask questions they can be very very helpful after you review our information which I did not put on the screen for hopefully obvious reasons you'll have to hit continue and go through your application then you'll get to this signature part and so here it's signatures you want to hit select and select organizer unless you're setting us up for someone else but you're probably the organizer and then you can pick yourself and sign this and then you will have to pay a fee of $100 to file with the state of Oregon so that you can start giving them more money right um so then when you're done it's gonna say next steps and it's gonna offer you to get a bi in which you need to do if you're going to be paying payroll if you're paying other employees you're just getting started something you can do later if you don't plan on having employees immediately same thing with the Portland business tax registration if you are operating inside of Portland you need to register with them but it does not have to be now so those you can click on either those next steps and move through those but this video is not going to cover that information
Thanks for your comment Doreatha Begeman, have a nice day.
- Missy Essaff, Staff Member
how to form an LLC in Oregon Oregon is an excellent place to form a new LLC with low sales tax and fast startup growth it ranks eighth and highest economic growth prospects in the country every state has slightly different requirements for forming an LLC follow along closely to learn the required steps for creating your own limited liability company in the state of Oregon there are two ways to form an LLC in Oregon you can form one yourself or you can hire a service to do it for you let's start by looking at the five basic requirements to form an LLC in Oregon on your own you can also find these steps in more detail on our website linked in the description below one name your LLC every state has its own rules about what kind of names are allowed for LLC's in general you will need to observe these naming guidelines your name must include the phrase limited liability company or one of its abbreviations LLC or LLC with a period following each letter restricted words such as Bank Attorney law office etc may require additional paperwork and may also need a licensed professional to be part of the LLC your name cannot include words that could confuse your LLC with the government agency such as FBI Treasury State Department etc you cannot use a name that has already been registered to see if your name is available in your state you will need to do a name search this free service is available on your state's Secretary of State website check out our free guide for finding the direct link to your state we also recommend that you check to see if your business name is available as a web domain even if you don't plan to make a business website today you may want to buy the URL in order to prevent others from requiring it to choose a registered agent Oregon requires that you nominate a registered agent for your LLC who is your business's point of contact with the state the registered agent can be an individual within the company including yourself or you can hire a professional service authorized to do business in Oregon they will send and receive legal papers on your behalf these documents include official correspondence like legal summons and document filings which your registered agent will receive and forward to you your registered agent will help remind you to file the Cerie reports failure to properly maintain your LLC can result in fines and dissolution so this assistance is valuable 3 file the articles of organization to register your organelle LC you will need to file the articles of organization with the Oregon Secretary of State this can be done online or by mail you will need to state whether your LLC will be member managed or manager managed member managed means all members of the LLC manage the company this is good for small organizations where everyone is involved in the day-to-day operations the second option is manager managed where individuals are appointed to manage the LLC this is appropriate for larger organizations where not everyone is involved in the day-to-day affairs of the business for create an operating agreement although not every state requires it you should always create an operating agreement to establish ownership terms and member roles for your LLC this foundational document is the core of your LLC and will help you maintain your organization as well as further establish your LLC is a separate legal entity there are six main sections of an operating agreement organization outlines when and where the company was created who the members are and how the ownership is structured management and voting addresses how the company is managed as well as how the members vote capital contributions covers which members financially support the LLC and how more funds will be raised in the future distributions outlines how the company's profits and losses are shared among members membership changes describes the process for adding or removing members as well as if and when members can transfer their ownership shares and dissolution which explains the circumstances in which the LLC may be dissolved an operating agreement is an internal document it does not need to be filed with the state however it should be updated every time there is a change in membership or management at the company you can download a free sample operating agreement or create a custom one using our free operating agreement tool at how to start an LLC comm 5 obtain an ein lastly you'll need to get an employer identification number or ein from the IRS also known as a federal tax identification number your EIN is like a social security number for your LLC and has IRS tracks your business for tax purposes an ein is also necessary to open a business banking account and legally hire employees EW ends are free of charge and can be obtained from the IRS online or through the mail and with that you will have formed an Oregon LLC on your own option to hire professional service the second way to create an Oregon LLC is the hire professional service to create your LLC for you hiring a professional service to file your forms and act as your registered office more commonly known as a registered agent will cost you an additional fifty to one hundred and fifty dollars however there are several benefits to working with a pro a hired registered agent helps with getting your reports filed on time helps you stay organized by keeping your business mail separate and is available at all regular business hours to accept official mail and legal papers on your LLC's behalf a final and important additional benefit of using a service is privacy a professional service will provide a level of privacy by withholding your personal name and home address from the LLC's contact information there are many reasons why you might not want your personal information easily accessible and associated with your business hiring a professional LLC for mation service is an easy way to accomplish this now that you have seen the different requirements in ways you can form an LLC in Oregon visit our site and take some time to research your options and establish a solid foundation for your business activities click on the links in the description below to research the top five professional formation services or get more information on how to form an Oregon LLC on your own now you know all the steps to form an LLC in your state for a more detailed guide go to how to start an LLC com you can also create an operating agreement and use our business plan tool free of charge give the video a like if you found it useful and subscribe if you'd like to see more and if you have questions or encounter any roadblocks leave a comment below good luck and starting your small business you
Thanks afateg your participation is very much appreciated
- Missy Essaff
About the author
I've studied second-order cybernetics at Central State University in Wilberforce and I am an expert in computational finance. I usually feel curious. My previous job was secretary I held this position for 24 years, I love talking about sledding and watching documentaries. Huge fan of Renee Olstead I practice tai chi and collect patches (also badges).
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