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Corporate bylaws are legally required in Oregon. Rev. Stat. § 60.061, corporate bylaws shall be adopted by the incorporators or the corporation's board of directors. Bylaws are usually adopted by your corporation's directors at their first board meeting.
State of Oregon: Business - Domestic Limited Liability Company Registration.
Corporations have more legal formalities than an LLC, like electing a board of directors, holding shareholder meetings, and maintaining internal records such as meeting minutes and stock issuance.
Ing to the OR Secretary of State, if you expect to make a profit off your LLC's activities in Oregon, then you will probably need to register as a foreign LLC.
Your Oregon BIN is an 8-digit number with a dash. (For example, 1234567-8). Your BIN will be on any correspondence received from the OR Department of Revenue. If you're unsure, contact the agency at 503-945-8091 or 800-356-4222.
A registered agent can be an individual or a legal entity. Limited liability companies organized under Oregon statute are "domestic" limited liability companies. Those formed under the laws of other states, but transacting business in Oregon, are "foreign" limited liability companies.
Oregon Business Corporation. A corporation is a legal entity created under Oregon law by filing articles of incorporation with the Oregon Corporation Division. A corporation acts as a single entity. It exists separately from its owners. As a separate entity, the corporation must file its own tax returns.
While there are many different business organization structures you may choose for your business, this guide will focus primarily on the five most common types used in Oregon - Sole Proprietor, General Partnership, Limited Liability Company, Business Corporation, and Nonprofit Corporation.