Business Lawyers Blog
Oregon has a deep consumer market, and many businesses are seeking to enter the marketplace. However, foreign corporations and other entities such as limited liability companies need permission from the state before they begin performing transactions. These entities also must fully understand their tax obligations, which typically require registering with the Oregon Department of Revenue. Although Oregon welcomes business entities from around the world and the other 49 states, it’s critical to ensure that you meet all obligations. Below, we examine some of the most significant requirements for doing business in Oregon. Contact an Oregon business lawyer from SLG for assistance with your specific situation.
Applying for Authorization
Under ORS 60.701, a “foreign” corporation (meaning any non-Oregon corporation) may not transact business in Oregon unless authorization has been granted by the Secretary of State. There are similar statues for limited liability companies and other business entities. In general, most business activity conducted in Oregon requires a formal application for authorization.