Oregon is a mountainous state in the northwestern USA, one of the so-called Pacific States. Oregon’s legal system is part of the common law system.
The laws of the State of Oregon provide for the following types of business organization structures:
One of the most popular and common types is the Limited Liability Company.
A limited liability company (LLC) is a relatively new type of hybrid business structure permitted in most states. This type of structure provides the limited liability protection of a corporation and the tax efficiency and operational flexibility of a partnership.
The owners of the company are called its members, and the duration of the LLC is usually determined by its members in the incorporation documents and can be later increased. Members can be both legal entities and individuals aged 18 years and older, there are no residency requirements, and the minimum number of members is 1.
There is no minimum statutory share capital. Capital contributions may consist of cash, property, services rendered, a promissory note or other obligation to contribute cash or property or to perform services.
A company can be formed to exist perpetually or it can have limited duration and need to be dissolved on reaching the duration date.
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Services
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Fees (USD)
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Total cost of LLC incorporation (including preparation and provision of the company’s original constitutive documents and apostilled copies of such documents, share issue documents; not including Compliance fee)
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2 190
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Annual maintenance (starting from the second year), including provision of registered office address, but not including Compliance fee
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1 800
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Tax registration
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610
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Preparation of financial statements and audit
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Audit fees will depend on the company’s activities and volume of business done by the company, i.e. from the time spent by the auditor on processing the documents.
Charged at a rate of USD 200–400 / hour (depending on the qualification of the specialist involved) |
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Compliance fee
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director/shareholder/beneficial owner, except the change to a nominee director/shareholder, - signing of documents. |
350 (standard rate, includes the check of 1 individual),
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL, + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL, 450 (rate for high-risk companies, includes the check of 1 individual), 100 (signing of documents). |
[1] The fees are valid as of October 2024.