An Oregon Limited Liability Company legal entity has some disadvantages to operating as a sole proprietorship. Some of the disadvantages include:
- cost – there are costs involved in the initial and annual registration, setting up the legal documentation, and record keeping.
- separate records – there are additional needs to maintain records.
- taxes – the owner pays for unemployment tax.
- banking – there are different standards for business banking, such as checks to an LLC cannot be cashed.
Information About Hiring Andrew Svitek:
Articles About LLCs & Business Law
For additional information call (503) 274-9001 or CFLink.