Business Lawyers Blog
Engaging in the purchase or sale of a business in Oregon involves certain reporting obligations. Ensuring compliance not only alleviates potential stress but also helps prevent legal liabilities resulting from improper transaction handling. Contact the Oregon business attorneys at Structure Law Group, LLC, for expert guidance regarding Oregon mergers and acquisitions. With extensive experience assisting numerous businesses from startup to sale, we streamline the process of buying and selling business assets for greater efficiency.
A Business Must Be in Good Standing Before Transferring Ownership
Businesses must be registered with the Oregon Secretary of State. All annual reports must be current and all fees paid. If you are selling, double-check that you are in good standing to help you close the sale faster. If you purchase a business, then this is part of your due diligence.