Oregon Corporation: Incorporate in Oregon
There is no real requirement for a corporate seal for Oregon business incorporation purposes. However, if you are interested in corporate seal, make sure that it is lightweight and ruggedly constructed.
Kinds of Oregon Corporations
Below are the details of business entity types that the majority of Oregon business owners operate:
- Partnership: The main idea of a partnership is that two or more people share ownership of one business.
- Sole Proprietorship: Lots of new small businesses start out as sole proprietorships where there is a single owner.
- Limited Liability Company: A Limited Liability Company is a hybrid of a partnership and a corporation.
- Corporation: Includes S-Corporations and C-Corporations.
A Limited Liability Company (LLC) and S-Corporations are identical in that they are "pass-through" entities for tax related matters. There is not much paperwork involved in a Limited Liability Company. On the other hand, S-Corporations give you the opportunity to save on employment taxes but you can only have 100 shareholders. In comparison to S-Corporations, operating a Limited Liability Company is relatively easy. One significant difference between them is that Limited Liability Company owners can distribute profits in the way they want. Limited Liability Company owners need to pay self employment tax.