Oregon is one of the five US states that do not have a sales tax within the state. So, if you are starting a business, it would be a great location for startups. In the US, every business has to register with the state authority to legalize it.
If you have developed a business plan to start a company in Oregon, you can find the complete guide on business registration and obtaining your Employer Identification Number here, and move forward to establish a growing legal entity.
Register your Business in Oregon
Starting a business needs proper planning and documentation to get the certificates, permits, or licences to enhance the credibility of your business. So, first, let’s begin with legalizing your business as you register it with the Secretary of State’s Corporation Division.
The new business can protect its service mark or business name through registration and open doors for other opportunities, like getting business loans, credits, etc. The Oregon SOS allows businesses to complete the registration online, while some can only be done offline.
When you go to register your business in Oregon, you should decide on a business structure and name and prepare the registration fees.
The non-refundable Oregon business registration cost varies based on the kind of firm. For domestic businesses, it is around $50 to $100, while for foreign applicants, it is around $275.
Remember, all the business entities in Oregon need to have and maintain a registered agent living in Oregon for the business registration of LLC, corporation, and nonprofit organizations.
Start your business registration in Oregon
When you have gathered all the business information and have appointed a registered agent for your point of contact to exchange legal documents, it can be you (the owner, employee, or business street address).
Once you are ready, follow the steps below to complete your Oregon Business registration and make your entity legal:
- Visit the Secretary of State’s webpage in Oregon.
- Click the Register your Business option and go to the Business Registration Forms.
- Now, select the type of Business and if you find the Register Online option, click it and know you can apply online, otherwise you may have to download the form and apply by mail.
- You will not go to the Business Registration online service, where you need to enter your business details, formation date, location, and others.
- You will need to enter your SSN/ ITIN number and other details to authenticate your identity.
- Once everything is reviewed, you should submit the registration form and wait for the office to issue the certificate.
How to get your federal EIN for your business in Oregon?
You must get the federal Employer Identification Number for your business entity in Oregon to meet the federal tax purposes, hire employees, create a retirement plan, pay excise duties, or other taxes.
The IRS issues the EIN through various methods, but the online method is the fastest, where you do not need to spend a penny. So, if you wish to get it within a day, apply through the IRS online tool between weekdays from 7 AM to 10 PM through the following steps:
- Visit the EIN Assistant IRS online tool and check all the requirements.
- Next, move forward with the application and select your business entity type from the various options.
- Now, input your business name, address, owner, formation, and other details.
- Afterwards, enter your SSN/ ITIN and mailing address if you are a responsible party, or your client’s SSN/ ITIN with signed authorization from the business owner, if you are a third-party assignee.
- After that, check that all the columns are filled with valid details and complete the EIN applications.
Know what your tax obligations are in Oregon
After you receive your EIN, you must apply for the state tax ID number, but before that, you should understand what your tax obligations are. You can find out about your business tax from the Oregon Department of Revenue and the tax form requirements, such as:
- Payroll Withholding
- Corporations Activity Tax
- Vehicle Privilege and Use Tax
- Pass-through Entity Elective tax
- State-wise Transit Tax
- Corporations tax
- Insurance Excise tax
- Foreign Corporations, and others
Oregon does not have sales tax, but it still has many state taxes to comply with, so do check your business compliance as per your entity type and keep your business legally clean.
