Business Operations

Oregon LLC Operating AgreementsLimited 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...

Buy-Sell Agreements Most businesses will end at some point, which could happen for any number of reasons. A recent article in Forbes, in fact, states that 8 out of 10 businesses fail. Regardless of why a business may fail, the decision not to acknowledge this fact when starting a business is...

Employees and Independent Contractors New companies often want to classify any new workers as independent contractors instead of employees, in order to limit the company's costs. Costs attributable to hiring and retaining employees can be quite substantial, and include workers' compensation, unemployment insurance tax, social security tax, and withholding and local...