Will You Be My Partner?  Understanding Oregon’s Partnership Law

Will You Be My Partner? Understanding Oregon’s Partnership Law

It is common to hear business associates loosely refer to one another as “partners”.  We have all probably been introduced as someone else’s “business partner”. In a legal sense, references such as these can be misleading to third-parties, incorrect, and dangerous.  Consequently, “partnership” references should…

What Can an S Corporation Election Do For My Business?

What Can an S Corporation Election Do For My Business?

An S corporation may help your business, but it depends on what kind of business you formed and when.   All business entities are not eligible to make an S election with the Internal Revenue Service (IRS).  S corporations are “small business corporations” as defined…

Grow Your Business by Limiting Your Foreseeable Legal Risks

Grow Your Business by Limiting Your Foreseeable Legal Risks

If you are a small business owner, consider ways to make more money to grow your business by evaluating your options to increase your sales and cut overhead.  That’s excellent. However, give additional consideration to limiting your foreseeable legal risks.  If you have ever been…

Is It Time to Start Your Own Business?

Is It Time to Start Your Own Business?

Are your tired of working for someone else?  Would you like more flexibility in your daily life?  Do you have a business idea or service that you want to pursue in a more concrete way?  If so, it might be time to start putting your…

What is an Operating Agreement and Why Is It Important for My LLC?

What is an Operating Agreement and Why Is It Important for My LLC?

Operating Agreements are contracts associated with limited liability companies, or LLCs.  Operating Agreements are not legally required for an Oregon LLC, but it is very important for the owners of an LLC (its Members) to have an Operating Agreement to regulate the management and affairs…