Business Formation Legal Services
Starting a business can be a challenging task, especially when it comes to legal requirements and compliance. That's where Intellequity can play a vital role, offering business formation services that can simplify the process. Whether you're looking to form a Limited Liability Company (LLC), Corporation, Non-Profit, or partnership, I can provide guidance and assistance with drafting essential Oregon business formation documents including operating agreements, bylaws, articles of organization, articles of incorporation, partnership agreements, initial consents, buy-sell agreements and many other important documents either required by law or just plain smart for business. By consulting with my business law firm, you can ensure that your business is legally sound and positioned for success.
Read below to learn more about the different things I can do for you to get your business set up and running legally and smoothly. Ready to talk now? Book a low cost,1/2 hour detailed consultation, or book a free 15 minute general information consultation, whichever fits your needs. Expect exceptional service and legal work you can always rely on.
Business Formation Advice & Naming Considerations
First things first. When it comes to creating a business entity, it's important to take a variety of factors into consideration before choosing your business type. Factors to consider include tax implications, personal liability, simplicity of setup and maintaining, and management flexibility.
It's important to consider the tax implications that each type of business entity can bring, and then balancing that with the ease of entity upkeep, your management flexibility and the personal liability that comes with your chosen entity type. If you're looking for something simple and straightforward, a sole proprietorship or general partnership may be the way to go, although the tax implications of partnerships can be complicated. On the other hand, if you're concerned about limiting personal liability, forming a Limited Liability Company (LLC) or corporation could be a better fit. In addition, the type of business you will be conducting may play a role in which structure you must choose. Intellequity can help you think about and assess these competing factors so that the entity type you choose for your business works for your situation. Click here for a more detailed review of the pros and cons of each business types.
Beside those preliminary considerations, you should be thinking of a unique name for your business, and how that name can work as a branding aid to what you sell or provide to your customers. You must also determine whether your chosen name might pose difficulties. Is the name already registered with the Oregon Secretary of State by another business? If so, you will not be able to use it, as is. Another naming consideration revolves around trademark law. Even if your chosen name has not been registered with the state, if another company is already using that name or a similar one, it is not only a branding mistake, it could get you in trademark trouble.
Find out more about the different types of business entities and how I can help get your business running, by booking a low-cost consultation today.
Filing Business Registration Documents
Once you have decided on the entity type that is right for your situation, the next thing to do is create the business entity. This is done by filing a document with the state that tells everyone that you are now doing business, and that you are doing business as a particular entity. For a simple sole proprietorship or some general partnerships, if you are not doing business in only and exactly your name, you will be required to file an Assumed Business Name (ABN). For other types of partnerships, LLC's and Corporations, you will be required to file an article or certificate with the state establishing the legal identity of the business.
Aside from that filing, depending on the type of entity you choose, you may be required to file other documents. For instance, if you are creating a non-profit, you will also need to register with the Oregon Department of Justice Department of Charitable Activities. There may be others as well, depending on the type of business entity you choose or the type of business activity you choose to carry out under the business name.
Intellequity, as a business attorney in Portland, Oregon can handle all this and more for you when needed. I can put you on the road to success! If you are ready to book a consult to learn more, please click the link below, or continue reading below to learn about other filings that may be needed for your business.
In addition to the filings mentioned above, many business will want or need to make other filings. For instance, if you plan on opening a business bank account, most banks will request an Employer Identification Number (EIN) to set up the account. You would obtain this number directly from the IRS.
There are other filings for licenses, permits and registrations that could be required for your business, depending on what your business activities may be. The list is too numerous to mention but the link above is a good resource for such information. In addition, you would be well-advised to consult with an accountant or an attorney who specializes in taxes to find out what taxing authorities might regulate you and what registrations you may need.
In any event, should you decide to use an attorney to help set up your business structure, Intellequity can help with all this and more. Please call, email or book a low-cost consultation today!
Business Entity Documents
Finally, after getting your business entity legally set, there are other internal documents that should be created, but that do not necessarily have to be filed with the state.
If you're starting a business, it's important to be familiar with the different types of governing documents that will be necessary to create. Bylaws and operating agreements are two key documents that will help to ensure that your business runs smoothly and that all parties understand their roles and responsibilities. Bylaws provide guidance on how your business will operate, including information on how your board of directors will be structured, how meetings will be conducted, and how decisions will be made. Meanwhile, operating agreements outline key details related to the ownership and management of your business, including information on how profits and losses will be distributed, how changes to the business will be made, and how disputes between owners will be resolved.
You make think these documents are not important, but nothing could be further from the truth. In fact creating the proper documents and following the rules and procedures contained within them can keep you from being personally liable for company obligations. Not doing so can make you personally liable for company obligations and debts. Consulting with a business attorney like Intellequity can help ensure that these documents are comprehensive and tailored to your particular business needs.
Ready to get started? If so, call, email, or book a low-cost consultation today!
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The law firm is licensed to practice in Oregon. The information provided by this website is offered for general information only. It is not intended to be legal advice and does not establish an Attorney-Client relationship between you and this firm. For more detailed information on your particular situation, contact us at 503-877-0881.
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