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Does Oregon require an LLC to have an operating agreement?

Oregon does not require LLCs to have operating agreements, but it is highly advisable to have one. An operating agreement will help protect your limited liability status, prevent financial and managerial misunderstandings, and ensure that you decide on the rules governing your business instead of state law by default.

What is a DC LLC?

A DC LLC (limited liability company) is a flexible business structure thatwhen correctly formed and maintainedprotects its owners from being held personally liable for business debt. By default, LLCs are taxed as pass-through entities.

Is an LLC operating agreement required in Oregon?

An Oregon LLC operating agreement is a legal document that controls how a company operates. The agreement will state the business purpose, day-to-day activities, and establish the companys ownership. The document is not required but recommended as an official record of the company.

How much does it cost to register an LLC in DC?

How much does it cost to form an LLC in the District of Columbia? The District of Columbia Corporations Division charges a $220 fee to file the Articles of Organization. It will cost $50 to file a name reservation application, if you wish to reserve your LLC name prior to filing the Articles of Organization.

Does DC recognize LLC?

LLC/S-Corps in DC: Unlike most states where they recognize an LLCs federal election to be taxed as an S-Corporation, the District of Columbia does not. Instead, for DC tax purposes, an S-Corporation is treated like a C-Corporation and must meet all the C-Corporation filing requirements in the District.

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