Changing the Name of an LLC in Oregon: All You Need to Know

Can you change the name of an LLC in Oregon?

You amend your articles of organization by submitting the completed Oregon Articles of Amendment/Dissolution ? Limited Liability Company form to the Oregon Secretary of State Corporation Division by mail, in person or courier service or by fax.

Read more on www.northwestregisteredagent.com

Entrepreneurs in Oregon frequently choose limited liability companies (LLCs) as their business structure. As a business owner, you may choose to alter the name of your LLC for a number of reasons, such as rebranding, a change in ownership, or to more accurately reflect your organization’s goods or services. Fortunately, altering an LLC’s name in Oregon is a simple procedure. What you should know is as follows. In Oregon, is it Possible to Change the Name of an LLC?

In Oregon, you can indeed change the name of your LLC. Articles of Amendment must be submitted to the Oregon Secretary of State as part of the procedure. The amendment can be sent in by mail or online. The new name must be eligible for use in Oregon and contain the phrase “Limited Liability Company” or the initials “LLC.”

How Can I Tell If My Business Name Has Been Sought After?

Check to see if the name you’re considering for your LLC is available in Oregon before choosing it. Search the Oregon Secretary of State’s Business Registry to see whether your selected name is available. You’ll have to think of an other name if the one you choose is already taken.

Can I Use a Different Name for My Business in Relation to This?

Yes, you are allowed to give your company a different name. A “doing business as” (DBA) name is what this is. The DBA must be registered with the Oregon Secretary of State, though. Although a DBA registration doesn’t give your company’s name legal protection, it does let you conduct business under a different name. How Do I Pay Myself From My LLC, Consequently?

You can choose to take a salary, receive dividends, or a mix of the two as an LLC owner to pay yourself. You must set up payroll and deduct payroll taxes if you decide to pay yourself a salary. If you receive distributions, they are not deductible as business costs and are not subject to payroll taxes.

What drawbacks does a DBA have?

The fact that a DBA doesn’t offer legal protection for your company name is one of its drawbacks. Another drawback is that since it doesn’t establish a separate legal company, you are personally responsible for any debts or legal problems that result from your firm. Customers who may not comprehend the connection between your DBA name and your LLC name may find it confusing when you use a DBA.

To sum up, filing Articles of Amendment with the Secretary of State is all that is required to change an LLC’s name in Oregon. Make sure a new name is available for usage in Oregon before settling on it. You can file a DBA with the Oregon Secretary of State if you want to operate under a different name for your company. Finally, you have a variety of alternatives for how to pay yourself as an LLC owner, including taking a salary or getting dividends.

FAQ

Then, what is better llc or sole proprietorship?

Your unique situation and objectives will determine whether you should form an LLC or a sole proprietorship.

A sole proprietorship is less complicated to set up and less expensive, but it does not provide personal liability insurance. This means that the owner’s personal assets are at danger if the company is sued or owes money.

An LLC, on the other hand, shields its members’ personal assets from company risks by offering personal liability protection. Additionally, it provides more management and tax freedom. The setup costs are higher, and there are additional paperwork and regulatory requirements.

In the end, it’s crucial to get advice from legal and financial experts to choose the business structure that will best suit your unique requirements.