If you already have an LLC in another state and want an LLC in Oregon, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Oregon.
On this page, you’ll learn about the following:
- Forming an Oregon Foreign LLC
- Steps to Filing Oregon Foreign LLC Online
- File Foreign LLC By Mail:
- After Forming Oregon Foreign LLC
Forming an Oregon Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Oregon, you need to register it with the Oregon Secretary of State.
Step 1: Choose Oregon Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Oregon Secretary of State. Your LLC’s legal name outside of Oregon will be listed on the application, along with the name it will use in Oregon. Take note of the requirements for naming your LLC.
Step 2: Select Oregon Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Oregon and take note that an Oregon registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Oregon Foreign LLC
Fill out and submit a Foreign LLC Application for Registration form via email to [email protected] or by mail to Secretary of State – Corporation Division – 255 Capitol St. NE, Suite 151 – Salem, OR 97310-1327.
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Oregon.
- Date when your LLC will start operations in Oregon.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Oregon, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Oregon Foreign LLC is taxed
Foreign LLCs are also subjected to the Oregon Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Oregon Foreign LLC Online
Time needed: 5 minutes
To start your foreign LLC business in the State of Oregon, you must register your business with the Secretary of State of Oregon. You can apply for the Application for Authority through online mode and by mail. The cost of registration for a foreign LLC is $275. After approval, you will receive the Certified copy of your registration. We have explained the aspects you need to cover when you apply for the Oregon Foreign LLC.
- Go to the website of the Secretary of State of Oregon
Visit the official website of the Secretary of State of Oregon. The Business section provides all the online services related to Foreign Limited Liability Company filings.
- Register a Business
Click on the ‘Register a Business’ tab to continue registering your business in the state of Oregon. On the next page, select ‘Forms’ to start filing your foreign LLC in Oregon.
- Foreign Business Registration Forms
On the ‘Forms’ page, select the Foreign Business Registration Forms option to get the form. On the next page, select Foreign Limited Liability Company to continue filing.
- Register Online
On the page, scroll below to the table containing different forms related to Foreign LLCs. Select the option of ‘Register Online’ available adjacent to the first option of ‘Application for Authority’ in the table.
- Create your account
On the business portal, the sign-in box appears. If you already have an account on the Oregon Business Portal, proceed to log in using your username and password. If you do not have an account, select the option to Register/Create your Account on the page.
- Fill-up the Form
On the Create Account page, provide your personal information, create your username and password. Confirm to create your free account on the portal. Fill up the form carefully with all the correct information.
- Start to file your application
Login to your account. On the user landing page, choose the option of “New Business” from the top toolbar. On the next page, select the option to “Register a New Business”. Next, click on “Start” to proceed to file the application. when the online forms open up, read all the instructions attached to the form carefully and. Fill in all the necessary and important details relating to your foreign business. Attach/upload all the mandatory documents as required on the portal.
- Review the application
Recheck all the information entered by you in the application form. All the details should be correct and accurate to your knowledge.
- Make the payment
After reviewing your application, you can move ahead to the payment gateway page and pay $275 as the online filing fee for your Application of Authority. After successful submission of your application, you will receive a notification from the Secretary of State office acknowledging the receipt of your application.
File Foreign LLC By Mail:
If you want to register your foreign LLC in Oregon through offline mode, you can do that easily via mail.
- Download the Application Form PDF on your computer. Read the instructions provided in the form carefully and proceed to fill in the application form.
- You must also necessarily attach the Certificate of Existence issued by the State of Original Jurisdiction.
- Issue a money order or check for $275 as the filing fee for your application payable to the ‘Corporation Division’.
- Arrange all the documents and mail to the following address: Secretary of State – Corporation Division – 255 Capitol St. NE, Suite 151 – Salem, OR 97310-1327.
After Forming Oregon Foreign LLC
Here are added things you need to accomplish after forming your Oregon Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Oregon.
How Much Does It Cost to Register a Foreign LLC in Oregon
To register as a foreign LLC in Oregon, you can file through mail or online by paying a filing fee of $275 to the Oregon Secretary of State.
First, let us address the initial registration fee—an expense common across jurisdictions. Whether you are a foreign LLC venturing into Oregon or any other state, it is essential to factor in this cost. This fee covers the administrative work involved in processing your initial LLC registration. In Oregon, like in many other states, the amount varies slightly, with the specific charges available on the Secretary of State’s website.
Next, one must consider the annual report fee. This fee covers the ongoing documentation required to maintain your LLC’s registration. It is essential to adhere to this requirement to ensure your business operates seamlessly within the state. The annual fees keep your business in good standing with the state, ensuring you benefit from legal protections while operating within Oregon. Similar to the initial registration fee, the specific annual report fee is available on the Secretary of State’s website.
Another factor that should not be overlooked is the potential requirement for a registered agent. An LLC’s registered agent is a designated individual or entity responsible for receiving official communication. Suppose your foreign LLC operates without a physical presence in Oregon. In that case, establishing a registered agent is essential for serving legal documents. Depending on your circumstances, you may hire a professional registered agent service or designate an individual to fulfill this role.
Additionally, potential foreign LLC registrants should remember to budget for additional operational expenses when moving into Oregon. It is crucial to adhere to federal and state tax regulations, seeking guidance from experts to ensure compliance. Engaging an accountant who specializes in out-of-state or international tax matters can alleviate the stress of tax obligations and help avoid penalties in the future.
While the costs mentioned above constitute key expenses, it is important to approach each business venture on a case-by-case basis, as additional fees or requirements may arise depending on the nature of your LLC. Seeking legal advice can prove instrumental in identifying hidden or unforeseen financial obligations and ensuring a smooth and successful registration process.
In a nutshell, entrepreneurs considering registering a foreign LLC in Oregon must take into account not only the initial and annual registration fees but also the potential additional costs associated with maintaining their business in compliance with state laws. Understanding the state’s requirements, such as the need for a registered agent or specialized tax compliance, is crucial to launching and sustaining a successful venture in Oregon. By factoring in the expenses associated with foreign LLC registration, business owners can estimate the full extent of their financial commitment and plan resources accordingly.
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If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Oregon.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Oregon as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Oregon does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.