Articles of Incorporation Oregon: Start Your Own Business the Right Way

 

 

The articles of incorporation are the basic documents used to form a corporation under the laws of the state of Oregon. They contain information about the name and address of the corporation, the type of organization it is, how many shareholders there are, what shares each shareholder owns, the purpose of the corporation, and much more.

A corporation must file articles of incorporation with the Secretary of State no later than 30 days after forming the corporation. Once filed, the articles become public records. Anyone can obtain copies of the articles for free from the Secretary of State.

Oregon corporations must keep records of corporate activities for three years following dissolution. These records include minutes of meetings, stock certificates, tax returns, bank statements, contracts, and other relevant documents.

If you want to start a business in Oregon, you’ll need to set up an Oregon corporation. If you already have a business, you’ll need to update your articles of incorporation to reflect changes in ownership, organizational structure, or the types of businesses you conduct.

Businesses in the State of Oregon

The process of incorporating a business in Oregon varies based on what type of business you want to start. If you plan to open a retail store, you’ll need to file Articles of Organization with the Secretary of State’s Office. This document includes information about your company, such as the address where it will operate, the number of shareholders, and the amount of capital required to start up. You’ll pay a filing fee of $100, plus any additional fees associated with registering your company’s name.

Starting a manufacturing plant, you’ll need to form a corporation. Corporations are similar to partnerships, except that they include shareholders who receive dividends once profits exceed certain thresholds. A corporation requires a board of directors, officers, and shareholders to manage day-to-day operations. In addition to the initial filing fee, there is a yearly franchise tax of $25 per shareholder.

A sole proprietorship is another option for small businesses. Sole proprietorships don’t require a board of directors or officers but a separate set of records. For example, a sole proprietorship doesn’t have a corporate seal, and each owner owns 50% of the business. Each owner files his/her income taxes, pays his/her own Social Security taxes, and keeps track of his/her financial records.

Oregon Corporate Name

The Oregon Secretary of State’s office says there are restrictions on how companies can use certain words in their names.

Companies must follow the same guidelines for naming children.

According to the state, there are no specific limitations on the number of letters used in a company name. But it does say that using a term like “Inc.” or “LLC” doesn’t make a company a corporation.

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A cooperative corporation cannot be named for any of those reasons.

Setting up an Oregon corporation is easy.

The process of setting up a corporation in Oregon is relatively simple. Three main steps are involved: registering a business name; registering a principal place of business, and registering an agent. Each of these steps must be completed before you file your incorporation articles with the Secretary of State. If you fail to do one of these things correctly, you could lose your ability to operate legally as a corporation.

You must register your business name with the Secretary of State within 90 days of starting operations. You cannot use your personal name unless it is already taken. Your business name must include both words and numbers. For example, “Oregon Plumbing & Heating Co.” is acceptable while “Oregon Plumbing” is not.

 

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Principal Place Employer of Business: Oregon

If you choose to set up a shop in Oregon, you must designate a physical address How where you will conduct your Before business. This address needs to be located How in Oregon. In addition, you must notify the Secretary of State of your intention to establish a principal place of business within 30 days of opening your doors.

An agent is someone who represents you in legal matters. They are responsible for receiving important documents, including contracts, notices, and court summonses. An agent does not represent you personally. Instead, he or she acts on behalf of the corporation in all matters. The agent is usually designated by filing Articles of Organization with the Secretary of State along with the original Articles of Incorporation.

Oregon Articles of Incorporation

The Oregon Secretary of State offers three types of corporations:

1. Sole proprietorships – one individual owns the corporation.

2. Partnerships – two individuals are equal owners.

3. Corporations -multiple individuals own the corporation.

There is no limit to the number of stockholders that can be named in an article of incorporation. However, there is a limit to how many directors and officers you can name. You cannot have more than 10 directors and 20 officers. If you want to add additional directors and/or officers later, you must file an amendment to the articles of incorporation.

Oregon Registered Agent

A registered agent is someone who acts as a representative of a company. This includes accepting legal documents such as contracts, leases, and mortgages on behalf of a company, and filing those documents with state agencies. If you want to know whether someone is a registered agent, check with the Secretary of State‘s Office at www.ossoffice.com/contactus.shtmland enter the name of the person or entity in the search box.

Oregon Corporation Annual Reports

Corporations are required to submit an annual report to the Oregon Secretary of State. This document contains information about the corporation’s finances, its board of directors and officers, and any other matters related to corporate law.

The annual report must be filed within 90 days after the end of each calendar year. In addition, it must be signed by the president or vice president of the corporation. If the corporation does not have a president or vice president, the secretary of state may appoint one.

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A corporation’s annual report will contain details regarding any changes made during the year to the company’s articles of incorporation or bylaws. These changes may affect how shareholders vote on certain issues. For example, a change to the number of shares outstanding could make it easier or harder for shareholders to elect directors.

The corporation’s legal counsel usually prepares an annual report. However, individuals may prepare their own annual reports for personal use.

Employer Identification Number (EIN)

The IRS requires employers to file a form called FormSS4 on or before April30th each year. This form is filed electronically via the IRSwebsite. An employer identification number will enable you to open a bankaccount, pay taxes, and obtain benefits.

How to Elect an S Corporation in Oregon?

To elect S corporation status, takes a lot of paperwork, including filing Form 2553. If you want to do this yourself, there are several ways to go about it. You could hire a lawyer, pay someone else to do it for you, or use one of the online tools that make doing this process simple.

The easiest way to elect S corporation status is to use the online tool offered by the IRS. All you have to do is enter your information into the form and submit it. However, you still need to provide proof that you filed this form with the IRS. Your accountant can help you with this part.

If you decide to hire a tax professional, you’ll likely find out that this isn’t as easy as filling out a few forms. A good tax preparer will know how to fill out the necessary forms and what documentation is needed to prove compliance. They’ll also know how to handle the financial side of things like payroll taxes, state taxes, and sales taxes.

Another option is to use an online tool. These programs allow you to set up your business without having to deal with paper documents. Some even offer free basic accounts. The drawback here is that you don’t have access to the program 24/7. So if something goes wrong, you won’t be able to fix it immediately.

There are many different ways to organize your business in Oregon. Here are some options to consider:

• Sole proprietorship

• Partnership

Before: Filing Your Articles of Incorporation

An LLC is a pass-through company. This means that it does not hold assets for members; rather, it holds assets for itself. In addition, it cannot pay dividends to its members. Instead, profits are distributed among members based on ownership percentages.

A corporation is a legal entity that exists separately from its owners. Unlike an LLC, a corporation owns assets for its members. Members do not receive distributions from profits, but they do receive returns on investment. Corporations also pay taxes.

An S Corporation is a hybrid of a corporation and an LLC. Like a corporation, an S Corp holds assets for its members. However, unlike a corporation, an S corp pays dividends to its members.

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Profit corporations require less paperwork than nonprofit corporations. Nonprofit corporations must file their articles of incorporation with the state secretary of state within 30 days after forming, while profit corporations must file their articles within 90 days.

Nonprofit corporations must file annual reports with the Internal Revenue Service (IRS). They must also notify the IRS about changes in directors, officers, or trustees.

Corporations must pay corporate income tax on net profits. If they don’t make enough money, they owe nothing.

Profits are taxed at different rates depending on whether individuals or businesses earn them. Individuals pay individual income tax on their earnings. Businesses pay corporate income tax on their profits.

How to File Articles of Incorporation for a Business Corporation (Oregon)

An Oregon corporation needs to file documents with the Secretary of State. These documents include articles of incorporation, articles of amendment, and articles of merger. Each document includes specific information about the company. This article explains what you need to know about filing articles of incorporation.

Article of Incorporation

The articles of incorporation provide the legal framework for the company. You must file articles of incorporation within 30 days after forming the company. If you do not file the articles of incorporation within that period, the company automatically dissolves.

A person named as the initial registered agent is listed in the articles of incorporation. The registered agent receives process served on the company. He or she must forward it to the proper officers of the company.

Registered Agent

You must designate one individual as the registered agent of the company. The registered agent is responsible for receiving legal papers related to the company. For example, he or she receives process served on the corporation.

The articles of incorporation must state the address of the registered office. This is where the division sends letters, bills, and other important communications.

 

 

Frequently Asked Questions

How to Elect S-Corporation Status

If you are a sole proprietor or partnership, you don’t have to worry about electing S-corp status. If you are incorporated, however, you do have options. You can either choose to become an S-Corporation yourself or hire someone else to handle the process.

How to Dissolve a Corporation in Oregon

If you want to dissolve your Oregon corporation, there are five basic steps. You must file articles of dissolution with the Oregon Secretary of the state within 10 days of the date of the board meeting where the resolution to dissolve the corporation was passed. The board must hold a special meeting to approve the dissolution and record the meeting in the corporate minutes. Then, the corporation must send notice of the meeting to shareholders and creditors. At the meeting, shareholders will vote on whether to dissolve the corporation. Finally, the board must mail copies of the Articles of Dissolution to the corporation’s registered agent and each shareholder.

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