Business Operations

How To Dissolve A Company* Many articles are written about startups and how to launch a company. Far fewer articles are written about how to close down a company, even though that part of a company's lifecycle is nearly inevitable: if a company isn't eventually sold or acquired, at some point in its...

Common Oregon LLC Errors We often meet with entrepreneurs and business owners who, on their own, have formed their Oregon company, but who have lingering questions. Since these clients ask similar questions, we figured an article answering the most common questions and addressing the most commonly missed issues would be helpful. The...

Why Incorporate In Delaware Are you a founder planning on building a fast-growth startup that may seek investment capital from professional investors, such as angel investors or venture capitalists? If so, strongly consider forming a Delaware C Corporation. If not, then be more hesitant. Forming a Delaware C Corporation is not a one-size-fits-all...

Foreign Qualification of a Business (Part 2 of 2) In my prior post on foreign qualification, I covered some of the basics of a company’s legal obligation to register for foreign qualification in a state.  In this post, I will take a deeper dive into the original purpose of foreign qualification...

Obtaining Foreign Business Qualification in a State (Part 1 of 2) Each state imposes an obligation on companies formed in a different state to obtain approval from the state to conduct business within its borders.  This approval is typically obtained by filing for “foreign qualification” (also known as a certificate of...

What Is A Consent Resolution? Whether a company is an LLC or a Corporation, its owners regularly will need to make decisions on behalf of the company. Those decisions fall under two general categories: 1) day-to-day decisions; and 2) significant decisions. Day-to-day decisions, such as ordering supplies and equipment, paying the company's regular...

Five Common LLC Legal Mistakes It's very easy these days to find a company online to help you quickly "start a company," and the most popular type of company is the limited liability company ("LLC"). Unfortunately, most people who use the services of an on-line filing company fall prey to some of...

Oregon LLC Operating Agreements Limited liability companies (LLCs) are the most popular type of company formed in the State of Oregon, and they continue to become more and more popular, while corporations become less popular. The biggest reason is that there are few corporate formalities that must be observed by LLCs...

Assumed Business Name Business owners have two options when selecting a name for their business: 1) Use their own personal name; or 2) Use another name that is not their own, which can be done whether or not the business is incorporated. Many business owners prefer the latter, which is also referred to...