Oregon Business Facts
Oregon’s laid-back youth culture, abundance of outdoor activities and high-tech employment opportunities are just a few of the reasons this scenic state of the American Northwest ranks highly on national “Best Places” lists. Oregon’s economy is growing at a healthy pace and the city of Portland in particular is a breeding ground for independent businesses with both locals and tourists drawn to the self-expression of its entrepreneurs.
Major Companies Headquartered in Oregon
Oregon is the headquarters of Nike, Kettle Foods and Papa Murphy’s Pizza.
Oregon Startup Environment
Oregon entrepreneurs get a boost from the state’s pioneer spirit, educated workforce, strong infrastructure and high quality of life. However, Oregon’s lack of capital, high personal income and capital gains taxes and restricted land use laws inhibit the growth of Oregon businesses.
There are 3 basic options: a Corporation, LLC or DBA. Click here to learn more about business entities.
Choosing a business name is easier said than done – many legal and business problems can arise from picking the wrong name (you can always change it later but the less times you have to do that the better). In Step 3 we’ll show you how to search for the name in Oregon, but we highly recommend you do the following before searching Oregon state databases:
Restrictions on Oregon Business Name & Business Purpose
Each state has its own requirements for registering a business. Now that you’ve chosen a business structure and selected your business name, here are the requirements to register your business in Oregon.
How to form an LLC in Oregon
How to Incorporate in Oregon
NOTE: When registering a new company the Secretary of State can take several weeks to file the paperwork. You can expedite the process by hand delivering the documents directly to them or one of their field offices and paying an additional fee.
TIP: Check our order form to see how long Oregon is currently taking to process regular and expedited orders.
How to File a DBA in Oregon
Optional considerations when registering an Oregon business
Ready to register a business in Oregon?
Your EIN is like your Social Security Number for your company. It’s required for Corporations and LLC’s and optional for DBA’s (if you don’t have any employees, it’s required). However, if you are a DBA and don’t obtain an EIN you will be required to use your Social Security Number on many documents so it’s highly recommended that you obtain the EIN to prevent identity theft. You can apply online with the IRS or via IRS Form SS-4.
TIP: We can obtain your EIN for you if you we form your company.
To keep business and personal expenses separate, you should open a separate account for your business. In addition, getting business credit cards is how you begin to build a company credit profile (corporation or LLC required) and can later qualify for larger loans and lines of credit. To open the account simply call your chosen bank and inquire on the steps to open a business bank account. Typically you’ll need a) your filed paperwork b) your EIN c) a company resolution authorizing your company to open the account (signed by the owners, members, officers or directors, etc.).
TIP: Our business formation service includes a free banking resolution for your use.
Now that you’ve registered your business name you need to obtain a business license for your company – this authorizes your company to do business in your city or county. Typically this also involves registering for state taxes and permits (the city may require them as part of the business licensing process).
TIP: We can help you identify the necessary forms to obtain your business license.
DBA: Your assumed business name must be renewed every two years.
LLC: Oregon LLCs must file an annual report every year by the filing anniversary date.
Corporation: Corporations in Oregon need to file an annual report every year by the filing anniversary date. LLCs and Corporations will pay a filing cost of $100.
Ready to start a business in Oregon?
Corporation Division Services (for Corporation and LLC filings)
Public Service Building
255 Capitol St. NE, Suite 151
Salem, OR 97310
Oregon Taxation Departments
Oregon Labor and Employment Departments
Oregon Startup Resources
1. Small Business Administration (SBA) Oregon
2. SCORE Oregon
3. Oregon Legal Statutes
4. Oregon Chambers of Commerce
5. Business Xpress
6. Angel.co Oregon Startups
7. Oregon Business News
8. Business Oregon
9. Oregon Small Business Development Center
10. Oregon Green Business
Wow loved it thankyou! I dreaded making this for a month thinking it would be a hassle. It wasn't thanks to you guys!
Excellent in all aspects. Perfect for new business owners with limited resources but wants to start it off right.