What is an LLC?

Find the right LLC attorney in Oregon City, OR

The Limited Liability Company, or LLC, is a legal business structure that seeks to combine benefits from across several other traditional business forms. A LLC has the benefits of a corporation's limited liability, but avoids double taxation like a partnership or sole proprietorship. Like a corporation, the LLC can also have an unlimited amount of shareholders, called members. Unlike a corporation however, if a member dies, files for bankruptcy, or otherwise leaves the LLC, the company is dissolved. For hundreds of years, limited liability has been a primary goal of some business forms, but since the Oregon legislature enacted laws authorizing its formation, the modern LLC has become more and more popular.

Can My Business Be Formed as an LLC?

In Oregon, a business can be formed using the form that it chooses. Opening an LLC simply requires that the business founders file a form with the Secretary of State. There may be a fee required for opening your LLC, however. Applicable Oregon laws govern the formation of LLC's and their actions. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business may take some effort to find, but finding the right business form can reward you with increased profitability.

Can I Change the Form of My Business to an LLC?

Businesses in Oregon City may sometimes change form. A company is eligible for conversion to an LLC if its situation falls under circumstances that are detailed by Oregon law.

How Can an Attorney Help?

The decision of whether to form or convert to a LLC is best considered with the advice of local attorneys practicing business law in Oregon.

Talk to a Business Law Attorney now!

Life in Oregon City

Oregon City, Oregon is the county seat of Clackamas County. It has a population of about 32,000. It has the distinction of being the first U.S. city west of the Rocky Mountains to be incorporated. It was incorporated in 1844.

Oregon City played a role in the early development of the Western U.S., particularly the Oregon Territory. It was a popular destination for settlers who wanted to make land claims, after traveling the Oregon Trail, and surviving the likely bouts of dysentery, as well as the almost-inevitable loss of oxen during ill-advised attempts to ford rivers.

More recently, Oregon City, Oregon's economy was dominated by the lumber industry. However, in the 1980s, the lumber industry in the Pacific Northwest began to decline. However, the economy of Oregon City was able to transition into high-tech industries, as well as some light manufacturing (manufacturing which is not very labor or energy-intensive, and typically has minimal environmental impact).

If you live in Oregon City, Oregon and need a lawyer, chances are good that you'll be able to find one. Thanks to its diverse economy, there are Oregon City, Oregon lawyers who specialize in just about any area of law.

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