Selecting the Oregon Corporation or LLC Name
The name you choose will be identifying your corporation or LLC as a unique entity and the name will not be accepted if it is likely to mislead the public or if it too closely resembles the name of another corporation or LLC formed in Oregon.
Oregon requires that you do not use any type of punctuation marks in the name selection such as dashes, periods, underscores, asterisks or commas. It is considered by some to be advantageous to try to name your corporation or LLC so that it identifies with the goods or services you provide, but this is not required by the state of Oregon.
Selecting a Board of Directors
A Oregon corporation can have several members listed as directors but is only required to have one. Since the board is responsible for managing the corporation’s business, it is suggested that the board be comprised of individuals that are officers or shareholders who have some type of daily interaction or contact with the corporation. Oregon requires that any director be the minimum of 18 years of age.
LLC’s within Oregon are required to file taxes as either a corporation or a partnership dependent on the election made on the SS-4. Oregon does not maintain an individual income tax so corporations with employees are expected to withhold. Oregon also requires the collection of sales and use tax and the general rate is 6%, but there is a discretionary amount imposed by the different counties.
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