One of the first choices a business owner will have about selecting a legal entity is which state to incorporate or organize in.
The first option naturally is the state in which the principal place of business is located.
A business owner should also consider forming the LLC in the state where the business owner resides.
Even traditionally local businesses have the opportunity to transact business on a global scale.
Many metropolitan areas, such as Portland, Oregon and Vancouver, Washington, form a unified metropolitan area. The business owner will need to incorporated in one state and register the business as a foreign entity in the other state.
A business owner should carefully consult with a tax advisor to determine whether there are significant tax advantages to incorporating or forming an entity in one state over another state.
A business owner should also consider that there may be notable differences between the statutes regulating Limited Liability Companies code among different states so a business owner who needs a certain benefit may look at creating the LLC in the state that offers than protection or option.
Contact our law firm by CFLink or call Andrew Svitek Portland, Oregon Business Lawyer at (503) 274-9001, or Kelly O’Brien, Bend, Oregon Business Lawyer at (541) 330-9850.
We work with business owners to form or create an Oregon Limited Liability Company (LLC), or to draft or review an Oregon Legal Contract; or to provide general legal counsel to an Oregon LLC in an effort to prevent legal problems.
We also make available legal articles on Oregon LLC Laws and Oregon Business Law. Otherwise, return to Oregon Business Lawyer.