Oregon does not require businesses forming as limited liability companies to file an operating agreement. However, there are reasons to consider drafting one anyway. What are the benefits of drafting an LLC operating agreement? What is an LLC operating agreement? An...
Business & Commercial Law
What you should know about deceptive pricing
When you are running a business, you should know the nuances of sales. The process is more than your customers paying you in exchange for a product or service; as sales tactics evolve over time, you must be savvier in order to make a profit. There are many techniques...
What do you know about closing your business?
You did everything to keep your company open, but you think you have no choice but to close it. Even if you want to open another company later, you must shutter your current entity properly. The U.S. Small Business Administration guides entrepreneurs through shutting...
Should your business register as a limited liability company?
Choosing a business structure is a major decision, one that can have a lasting impact on your commercial enterprise. Limited liability companies (LLCs) offer numerous benefits to certain businesses, provided that the structure meets your specific needs. LLCs can also...
What is an assumed business name?
When you do business in most cases, you will use a business name. Operating under a business name requires you to register that name with the state. The Oregon State Legislature refers to a business name as an assumed business name, and it is any name you use for...
Avoid these mistakes when choosing a business structure
When you are just launching your new business, the choices you make at the start can have significant long-term implications for the success of your venture. Choosing the right business structure is among the most important decisions you face. Unfortunately, many...
What options do you have when starting a new business?
When you decide to start your new business, deciding what type of business you will form represents the first decision you must make. Your decision will have long-lasting consequences, not only for your business but also for you personally. The IRS offers some...
How can businesses protect their trade secrets?
You started your business because you wanted to bring something different or special to your industry in the form of a product or service. To maintain your competitive edge, you want to preserve your trade secrets and prevent them from getting into the wrong hands....
Is an LLC right for you?
As you start off on your business ventures, one of the most important things to do is decide what form or structure you want your business to take. There are many options available, each with its own potential benefits and risks. One of the most popular options is a...
How should you prepare for litigation?
Facing litigation may rattle your operations and disrupt the workflow unless you strategize from the start. Knowing how legal involvement could impact your business can help you respond appropriately. The way you prepare for litigation may substantially improve your...
