An LLC in Oregon costs $100 to file the Articles of Organization and $35-$300 to employ a registered agent. Online consultants cost less.
Additional expenses come in the form of license fees, taxes, and other documents. Let’s explore the costs of starting an LLC in Oregon together! We’ve broken them down into initial costs, annual costs, and any extra expenses you may need to consider.
Initial and Annual Costs
The Oregon Secretary of State charges a $100 fee to file the Articles of Organization. Oregon LLCs are also required to file an annual report each year, which has a filing fee of $100 for domestic LLCs and $275 for foreign LLCs.
Rather than thinking of ways to avoid these costs, our team’s advice is to seek services to help you maintain your good standing within the state in the long run. Operating a business is a continuous journey.
Required Documentation and Ongoing Fees
To maintain an LLC in Oregon you will need to pay an annual fee of $100 along with state income tax at 5% to 9.9% and federal taxes. Here are the ongoing fees:
- Annual Report: The filing fee for the annual report is $100.
- Assumed Business Name Renewal: The renewal fee every two years is $50.
- Registered Agent Fee: No fee if you fulfill the role yourself.
Additional Information and Resources
- Business Taxes: Visit the Business Registry Database or use the Oregon Tax Payment System for handling your business taxes.
- Professional Licenses and Permits Directory: For applying for or renewing business licenses or permits.
Oregon LLCs are treated as pass-through entities; however, you should check for business-specific taxes.
Business Proceedings
If you need a certified copy of the Articles of Organization or a Certificate of Existence, there is a $10 fee. You can reserve an LLC name for $100 for 120 days. Rate for forming an LLC and document approval varies based on the mode of application.
Taxation and Compliance
LLCs in Oregon have the advantage of not filing corporate tax returns. Instead, profits and losses are reported on each member’s personal tax returns. The state does not impose a franchise tax but subject to varying business taxes.
Conclusion: While avoiding costs seems attractive, ensuring good standing with mandatory expenses is vital for long-term business success.