Business Formation Attorney in Oregon

At Northwest Legal, we can assist you in starting a business. Our business formation services include advice on the advantages and disadvantages of various business structures, from sole proprietorships to partnerships, corporations, and limited liability corporations, as well as drafting and filing all necessary formation and registration documents and agreements. We are dedicated to helping startups grow and succeed and strive to become trusted advisors as they navigate the challenges of today while planning for tomorrow.

Why Hire a Business Formation Lawyer?

An experienced business formation attorney will be well-versed in local, state, and federal laws and regulations for new businesses, and will secure all necessary permits and licenses so that the process is as smooth and efficient as possible. Many of the decisions you make when setting up a new company will have long-term consequences and tax implications.

Our business formation lawyer will not only help get your business off to a strong start, but will ensure that it is well-positioned for any future challenges. Well-drafted contracts, diligent adherence to applicable laws and regulations, and comprehensive risk management are some of the strategies a business formation and operations lawyer can implement.

Types of Business Entities

When setting up a new business, an important consideration is the legal form your company will take. Your options, each of which has its advantages and disadvantages, include:

  • Sole proprietorship is the simplest form of business organization and has the lowest startup costs. The owner makes all of the decisions, retains all of the profits and is personally liable for all of the business debt. This form of business may limit growth if the owner is the only source of capital and know-how.

  • Partnership involves two or more persons who carry on as co-owners of a business for profit. Partners must be chosen carefully, because each partner can bind the others and make them each personally responsible for actions taken by the other partners in conducting business. Conflicts between partners may become so serious they could threaten the existence of the business.

  • Corporation is a more complex form of business organization, and it exists totally under the provisions of state law, both as to its formation and as to its scope of operation. It is an entity separate and apart from the shareholders, but it has the same rights and obligations as an individual. For instance, a corporation can own property, carry on business, incur liability and be sued. A corporation is formed by filing articles of incorporation with the Oregon secretary of state.

  • Limited liability company or “LLC” is similar to a corporation in that it provides limited liability protection for its owners, but it is taxed either as a partnership, sole proprietorship or as an entity, like a corporation, depending upon how it is organized. An LLC is formed by filing articles of organization with the Oregon secretary of state.

Succession Planning

Succession planning is an important element to your business formation strategy. Our goal is to ensure you are correctly passing on leadership roles, including the ownership of a company, to an employee or group of employees. We help clients ensure that their business continues to run smoothly after its most important employees retire or leave the company.

Dissolution and Windup

We assist clients with the steps necessary to close a business, including dissolving the business name and reporting the closure to various state and federal agencies, including the IRS and the Oregon Secretary of State.

Experienced Oregon Business Formation and Operations Attorney Services Eugene and Surrounding Communities

Based in Eugene, Northwest Legal assists businesses, families, and individuals in Eugene-Springfield and throughout Oregon. We primarily serve communities in Lane, Benton, Linn, and Douglas Counties, including Albany, Corvallis, Florence, Oakridge and Roseburg, Oregon.

For more information on our Oregon business formation and operations services, we welcome you to contact us at (541) 357-8417 or fill out our online contact form.

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