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Oregon Business License

Date: 12/21/2018 | Category: | Author: Jakub Vele

Oregon Business License

The Beaver state as it is usually called requires every new business registering in Oregon to obtain a general business license from the state, city or county in order to become operational. It is also important to note that certain regulated industries and occupations require specialized licenses, and in some cases, permits and certifications. An exhaustive list of 1,100 specialized licenses, permits, and certifications are issued by the state. Some of the categories for which licenses or permits are issued by the state include:

  • Agriculture
  • Business
  • Charitable organisations
  • Education
  • Environment
  • Financial institutions
  • Food/Beverage industries
  • Health/Medical
  • Professional/Occupational
  • Recreational
  • Safety
  • Structures/Equipment

The different types company licenses or permits in Oregon are mostly issued by different state agencies.

How to Get a Business License in Oregon

Where and how do you apply for a business license in Oregon? Does your business fall under the “specialized licenses” category? Does your business entity require multiple permits or licenses? Who is the issuing authority for these licenses or permits? The only way to answer these questions is by understanding the process of business licensing.

Here is a step-by-step approach towards acquiring a business license in the state of Oregon:

Step#1: The Industry or Business Type

How would you know what type of business or professional license is required to operate in Oregon? The type of industry or the activities of a business entity helps in identifying the type of business license required. It is also important to note that some businesses will require only a permit and not a license.

Let’s take a look at some examples to understand this better:

Food Service Licenses

A business license in Oregon is issued by the state for different establishments covering temporary and permanent restaurants, limited service restaurants, bed & breakfasts, mobile units, warehouses, commissaries, and vending machines.

The license is being issued by Oregon Health Authority – Food, Pools and Lodging Health and Safety.

Those planning to set up a Bed & Breakfast will be required to obtain a B&B Tourist License.

The license is renewed every year on December 31.

License Application Form

Alcoholic Beverage

An Oregon company license is required for serving or storage of alcoholic beverage. These types of licenses are mostly annual or multi-year licenses. The fee is different for different categories. For example, the annual fee for a Brewery is $500 while that of Full On Premises-Sales is $400.

If you have a winery then you will require an Oregon Winery license and the fee is $250 but if you plan to sell and ship your wine to an Oregon retail licensee then you will require an additional permit, the fee for this is $100.

These licenses are issued by Oregon Liquor Control Commission.

Check the different types of license.

Debt Management Service Providers

This type of business requires the issuance of an Oregon company license, which is valid for debt settlement, credit repair, debt consolidation, and loan modification services, like education and counselling on how to get out of a debt. The fee is $350 and one has to obtain the license from the Division of Financial Regulation (DFR) – Financial Licenses.

Sample Application Form

Step#2: Licenses issued by City/County

It is important to know that business licenses in Oregon are not always issued by the state agencies; sometimes they are issued by the city or county. At the same time, it is not always that your business may require a license. Sometimes, it may simply require a permit. Let’s look at an example to understand this:

If you were to establish a business in the event and entertainment industry in Portland, OR, and are planning to organize “Special Events”, which are essentially events that are held in the street or on the sidewalk like parades, walks, marathon runs, or even bicycle races. In such a scenario, you will be required to obtain a permit issued under the City of Portland Oregon, Special Events Program. The permit fee is $25 and you can check a sample application here.

On the other hand, if you were to operate “Amusement Rides” as a part of events and entertainment, in Portland then you would have to apply for a “Temporary Business License”. This type of license would be issued by the Office of Management & Finance, Revenue Division – Portland, Oregon. Sample Application

Step#3: Issuance of a Business License

A business license in Oregon will be issued by different state agencies and all you have to do is complete the following process:

  1. Identify the type of business or industry
  2. Identify whether you need a license or a permit or both
  3. Identify whether it will be issued by the state or the city or county

Once you have identified the above, all you need to do is either download the application online or contact the concerned state department or city of clerk office.

It is important to note that a business license or permit will have to be renewed annually unless specific dates have been mentioned, to keep the business operational.

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Advantages of Incorporating a Business in Oregon

Date: 12/20/2018 | Category: | Author: Jakub Vele

Advantages of Incorporating a Business in Oregon

What is the most important factor to consider before setting up a start-up company Oregon? The business climate! Yes, the business climate is like an economic ecosystem, which consists of several drivers like business incentives, cost of doing business, availability of skilled work force, and transportation infrastructure and cost. Oregon is a state that offers a good business climate or a strong economic ecosystem that is aimed at supporting growth and expansion of businesses including small businesses and start-ups. The beaver state is not only home to a diverse manufacturing base but its innovation culture is also quite impressive. At 3.3%, Oregon provides businesses with the lowest effective tax rate amongst all states.

Drivers of Business Growth for Start-ups

In order to take advantage of this economic ecosystem, you need to register a new company in Oregon. You can form different types of companies although the most common are Limited Liability Companies and Corporations. Let’s take a look at some of the advantages of these two business entities:

Advantage#1: The benefits of Incorporation or LLC formation

C or S Corporation

  • Oregon Corporation Tax Credits: If you register a new company in Oregon then you will be able to benefit from the variety of tax credits available and these include:
    – Agricultural workforce housing: There is a significant tax credit on loans taken for rehabilitation or construction of agricultural workforce housing in the state.
    – ​Business energy: This type of tax credit is applicable to business facilities that are being used for processing or using renewable energy resources that exceed the regulatory or industry standards by at least 10 percent.
    – Electronic commerce zone investment: This type of tax credit is available for a qualified startup company Oregon that is primarily engaged in e-commerce within an approved enterprise zone.
  • Independent life: When you register a new business in Oregon as an S Corporation, it will enjoy an independent life. This means that the incapacitation or death of a stockholder will not have a negative impact on the business operations.
  • Federal taxation: If you register a new company in Oregon as an S corporation then the corporation or firm will not pay any income tax. Instead, each shareholder or owners in the company will be liable to pay tax on their personal tax returns.

Limited Liability Company

  • Oregon New Markets Tax Credit (NMTC): If you register a new business in Oregon then it can be eligible for several types of tax credits including the highly popular Oregon New Markets Tax Credit (NMTC). The program was earlier known as the “Oregon Low Income Community Jobs Initiative” and its main objective is to promote financial investments by businesses and create new jobs especially in low-income communities. As a part of the program, the tax credits can be realized over a period of seven years. The total tax credit is calculated as 39% of the total qualified investment. The tax credits are available as follows:
    0% in year 1 and 2
    7% in year 3
    8% in years 4, 5, 6 and 7
    NMTC-App-Packet
  • Limited Liability: As an owner of a Oregon LLC, you will be able to enjoy limited liability protection quite similar to what a corporation enjoys.
  • Flexible Profit Distribution: A start-up company in Oregon which is also an LLC has the benefit of being able to select different ways of distribution of profits unlike a partnership where the distribution is 50-50.

Advantage#2: Oregon Business Incentives

Once you register a new company in Oregon, there are several business incentives and programs that your business entity can benefit from. Let’s take a look at some of the most popular programs:

  • Oregon Business Expansion Program (BEP): A start-up company in Oregon as well as individuals can take advantage of the Oregon Business Expansion Program (BEP), which is basically a cash-based incentive program. This program is capitalized using state Lottery Funds. More information
  • Oregon Electronic Commerce Zone: Some of the zones in Oregon’s 70 plus enterprise zones have received a special status directed at encouraging electronic commerce investments. One of the important benefits that a business can derive is “Local Property Tax Abatement”. Tax abatements are valid on newly installed personal property including movable equipment and machinery to be used for the purpose of electronic commerce. E-Commerce Designated Zones
  • Oregon Investment Advantage: As a part of the “Oregon Investment Advantage Program”, a start-up company in Oregon can enjoy a tax holiday of up to 10 years. One of the requirements for qualifying in this program is enhance creation of a minimum of 5 new full-time jobs. More Information

Are there any Disadvantages of Incorporating in Oregon?

What disadvantages could possibly be there for a start-up company in Oregon? In reality there are none except a few that are common to different types of businesses. For example, the processing of incorporation documents can be time consuming and corporations would require more paperwork while LLC formation has the disadvantage of a limited life. These are small disadvantages compared to the many incentives the Beaver State has to offer.

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Why Oregon?

Date: 07/06/2015 | Category: | Author: Jakub Vele

Why incorporate in Oregon?

Business Information & Rankings

  • Oregon ranked 9th in the nation for high-tech exports. (Cybertstates, 2005)
  • Oregon ranked 16th both for the number of companies receiving venture capital and for the total dollar amount of venture capital invested. (Venture Economics, 2004)
  • Oregon’s share of state and local revenue from individual income taxes is higher than in any other state. (U.S. Census Bureau, 2003)

Cost of living

For Portland, OR (2005)Index Score
Composite:115.6
Housing:114.4
Utilities:118.3
Misc. Goods & Services:114.7

Crime Rate

Oregon has the 43rd lowest overall crime ranking in the U.S. (FBI, 2004)

Fees & Taxes

Business Inventory Tax
Exempt.

Corporate Income Tax
Oregon’s corporate tax structure consists of a flat rate of 6.6% on all corporate income.

Personal Income Tax
Oregon’s personal income tax system consists of three separate brackets with a top rate of 9% starting at an income level of $6,650.

Personal Property Tax
Property subject to taxation includes all privately-owned real property (land, buildings, and fixed machinery and equipment) and personal property used in a business. There is no property tax on household furnishings, personal belongings, automobiles, crops, orchards, or business inventories. Oregon does not tax intangible property such as stocks, bonds, or bank accounts.

State Sales and Use Tax
Base Rate: none
Machinery Rate: none

Unemployment Insurance
Oregon’s new employers’ rate is 3.2% for 3 years.

Pennsylvania

Date: 06/22/2015 | Category: | Author: Jakub Vele

PENNSYLVANIA CORPORATION total only $214.00

Including Pennsylvania State Initial Filing fee $125.00 and $89.00 fee for checking name availability,preparing Pennsylvania state-approved Articles of incorporation, filing Articles with state, sending Articles to you.

See what’s included

Once your company is set up, you will need:

  1. Tax ID (EIN) – free over the Internet or phone.
  2. Yearly Requirements and Fees for Pennsylvania companies – Pennsylvania requires that the incorporators shall advertise their intention to file or the corporation shall advertise the filing of articles of incorporation. Proofs of publication of such advertising should not be submitted to, and will not be received by or filed in, the Department, but should be filed with the minutes of the corporation. They must be made in two newspapers of general circulation, one a legal journal, if possible. The advertisements must contain the name of the proposed corporation and a statement that the corporation is to be or has been organized under the provisions of the BCL of 1988.
  3. Company Minutes & Stock Certificates – are included in incorporation. You will have access to documents generated on your client account.

Pennsylvania Corporation ORDER ONLINE

Date: 07/06/2015 | Category: | Author: Jakub Vele

Pennsylvania Corporation

 ORDER ONLINE: Use this online order form and pay by credit card.

 ORDER BY FAX: You can print and fax us this order form.

Frequently Asked Questions about Pennsylvania Corporations.

Pennsylvania LLC ORDER ONLINE

Date: | Category: | Author: Jakub Vele

Pennsylvania LLC ( Limited Liability Company )

 ORDER ONLINE: Use this online order form and pay by credit card.

 ORDER BY FAX: You can print and fax us this order form.

Frequently Asked Questions about Pennsylvania Corporations.