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Incorporation >> Incorporation in US States
A company’s article of incorporation is an official declaration of the company’s status and the guidelines under which it operates. Each type of organization whether it is a limited liability, non-profit or for profit organization has specific relationships with the IRS and other state entities with respect to taxes paid and how they generate their income. They must maintain these guidelines to maintain their status. Incorporated companies enjoy several privileges under state laws. These include limited liability protection, perpetual existence and preferential tax packages.
The organization first selects a name for the organization. This must be a unique name capable of withstanding the state’s name check for its non-existence. The word Company, incorporated, corporation or limited must accompany it in order to declare the company’s status. This name is then stored for future use by the organization.
They then designate an agent who may also second as an incorporator to conduct all communication between the organization and the Secretary of State. They also act as signatory for the organization up to when the organization receives its articles of incorporation. This agent must be accessible to the state at all times during normal office hours to attend to the inquiries of the state.
The final stage involves the completion of the application forms. These forms provide information such as the name and address of the organization and its agent.
Oregon Incorporation
A company’s article of incorporation is an official declaration of the company’s status and the guidelines under which it operates. Each type of organization whether it is a limited liability, non-profit or for profit organization has specific relationships with the IRS and other state entities with respect to taxes paid and how they generate their income. They must maintain these guidelines to maintain their status. Incorporated companies enjoy several privileges under state laws. These include limited liability protection, perpetual existence and preferential tax packages.
Incorporating in Oregon
Oregon has established a simple mechanism to incorporate companies. They have three avenues established for applicants to utilize. They may use the state’s offices, independent contractors or the services of an attorney.The organization first selects a name for the organization. This must be a unique name capable of withstanding the state’s name check for its non-existence. The word Company, incorporated, corporation or limited must accompany it in order to declare the company’s status. This name is then stored for future use by the organization.
They then designate an agent who may also second as an incorporator to conduct all communication between the organization and the Secretary of State. They also act as signatory for the organization up to when the organization receives its articles of incorporation. This agent must be accessible to the state at all times during normal office hours to attend to the inquiries of the state.
The final stage involves the completion of the application forms. These forms provide information such as the name and address of the organization and its agent.
Fees
Fees for application depend on the speed at which the organization needs their documents. Normal processing time is 7 to 10 days and costs $50. Express processing can be reduced to 1 to 2 business days at an additional cost.