Hillsboro Commercial Lawyers

Experienced Business Law Attorneys Serving Washington County

With many types of legal entities to choose from, and with so many risks involved with starting a business, it is important to consult a knowledgeable attorney who can guide you through the technical details and protect your interests. At Cornerstone Law Group, our Hillsboro business lawyers work closely with clients to learn more about their vision and long-term goals. There are many easy-to-overlook details in business ownership that can jeopardize the future of your company. Our job is to help you avoid these pitfalls and stay on track to create the business you envision.

To speak with our experienced Hillsboro business lawyers, give us a call at (503) 461-5005 or contact us online today. 
 

Defining Small Business in Oregon: What You Need to Know

In Oregon, a business is considered small when it has less than 500 employees.

How do I Know Which Type of Business to Start?

One of the decisions you will have to make when growing your business is deciding what kind of company it is going to be. There should not be any mystery to selecting the right entity, and our goal is to make sure you understand why and how a particular business structure is the right one for you.

Your business entity can take many forms:

• Limited liability Company (LLC) – A popular choice for small business owners who don’t plan on raising investment money. This limits your liability for company debts or wrongdoing. Think of it as a combination of a partnership and corporation.
• Professional Corporation (PC) – A group of professionals in the same, or similar careers who create a business often form PCs. One of the benefits of this model is that it limits personal liability, and instead puts liability on the company, meaning the entity as a whole comes together to protect its members.
• “S” or “C” Corporations – Deciding between an “S” or “C” corporation will affect your taxes. In a C corporation, taxes are filed by the corporation as a whole. In an S corporation, the profits and losses of a business are “passed through” the business itself, and instead reported in the owners’ tax returns.
• Not-for-Profit – These types of businesses generate funds for the business or service itself, not the owners. This is a common model for hospitals and charity organizations whose primary goal is to serve the community.

Timeline for Forming an LLC in Oregon: What to Expect

In Oregon, it takes about 3 - 5 weeks by mail to file the articles of organization or about 24 hours online.

Why Corporate Compliance is Essential for Your Business

In the fast-paced world of business, staying compliant with corporate laws and regulations is crucial for your company's success. Non-compliance can lead to hefty fines, legal disputes, and damage to your reputation. At Cornerstone Law Group, we provide comprehensive compliance services to help your business navigate the complex legal landscape.

Our experienced attorneys will work with you to ensure that your business adheres to all federal, state, and local regulations, including:

• Employment laws and workplace regulations
• Environmental compliance standards
• Data protection and privacy laws
• Consumer protection regulations
• Intellectual property rights

By prioritizing corporate compliance, you not only protect your business from legal issues but also build trust with your customers and stakeholders. Let us help you create a compliance strategy that aligns with your business goals, so you can focus on what you do best—growing your business.

Understanding LLC Taxation in Oregon: Key Points

In Oregon, LLCs are taxed by the following ways:

1. LLC Owners are taxed through "pass-through" income
2. Profits from the business must be reported to federal and Oregon personal tax returns, and that’s where you will pay those taxes.

These are just the basics of entity formation, and by no means the extent of your options. Our Washington County business law attorneys can give you a full assessment of the pros and cons of each entity formation based on the specifics of your company. We are there for our clients anytime they need help making a decision that will affect the future of their business. 

Your Trusted Hillsboro Commercial Lawyer: Navigating Local Business Challenges

As a business owner in Hillsboro, you face unique challenges that require a deep understanding of the local market and regulations. The city, known for its vibrant economy and supportive business community, is home to various resources, including the City of Hillsboro and the Washington County government, which provide valuable information and support for entrepreneurs. However, navigating the legal landscape can be daunting, especially when it comes to compliance with local ordinances and state laws.

Many local businesses struggle with understanding the specific requirements for business licenses, intellectual property, and employment laws. Our team at Cornerstone Law Group is well-versed in these local nuances and can help you avoid common pitfalls that could jeopardize your business. As you start your business, you can rest easy knowing we can help you put the right legal framework in place.

Additionally, Hillsboro's growing economy means increased competition. As you strive to differentiate your business, understanding the implications of your chosen business structure is crucial. Our attorneys can guide you through the process of selecting the right entity, whether it’s an LLC, corporation, or not-for-profit, tailored to your specific needs and goals.

We recognize that the journey of entrepreneurship can be overwhelming, especially when dealing with compliance issues and tax obligations. Our Hillsboro commercial lawyers are dedicated to providing personalized support, helping you navigate the complexities of business law while you focus on what you do best—growing your business in this thriving community.

We guide clients through the complexities of business formation and management. Call us at (503) 461-5005 or contact us online to arrange an initial consultation with our Hillsboro business attorneys.