What is A Oregon Amendment?
Oregon requires all businesses that decide to change items on their formation documents to file an amendment. Doing this will formalize the changes. So, if the changes you want to adopt will affect the structure of the business, you have to file an amendment.
Reasons Why You Need To File An Amendment
Generally, if your Oregon company decides to make changes to the items that you reported on the company’s Articles of Incorporation/Organization, you need to file an amendment with the state.
A. Changing The Company Name –
- LLCs
The Secretary of State has to be aware of the name that your company uses for its operations in Oregon. You have to report any changes in the company name. Submitting an amendment will let the state know about your plan. You also need to update the name of your company on all legal records.
- Corporations
If your corporation wants to operate under a new name, it has to follow the legal process. Filing an amendment will inform the Secretary of State of your plan to change the company name. Aside from this, you also need to make sure that all government records reflect the new name of your corporation.
B. Changing Members Of The Business –
- LLCs
Oregon requires LLCs to include information about their members and/or managers in the Articles of Organization. So, you have to file an amendment even if there are changes related to the members or managers. These may include their names, addresses, and contact information. Amendment of information regarding members and/or managers is free. You may also choose to update these pieces of information when you file the Annual Report.
- Corporations
The same rule applies to corporations. Since you have to include information about the officers and directors of your company in the Articles of Incorporation, you have to file an amendment. However, if the only amendment is a change of President or Secretary, the filing is free.
C. Changing Address Related To The Business –
- LLCs
The Secretary of State has to know how to reach your Oregon LLC. You have to report any changes to the contact information of your company. You can include this update if you file for other types of amendments. However, if the address is the only change you want to report, you can just use the Change of Business Mailing Address form.
- Corporations
On the other hand, Oregon corporations can include the update if you file for other types of amendment. However, you do not have to use the amendment form to inform the state about the change in your business address. Your corporation can just file a Change of Business Mailing Address form. The filing of this form is free.
D. Changing Contact Information –
- LLCs
The Secretary of State has to have a way to reach your LLC. You have to inform them of any changes in your company’s contact information. You can put the phone number of the contact person on the amendment form.
- Corporations
Oregon corporations also need to report changes to their contact information. This way, you can be sure that all legal queries reach your company. The amendment form includes a section where you can put the phone number of your corporation’s contact person.
E. Changing The Number Of Shares That A Corporation Is Authorized To Issue – Oregon does not authorize LLCs to issue stock. So, these business entities do not have to worry about this amendment. As for corporations, if your company wants to change the number of shares that it is authorized to sell, you have to inform the state about it by filing an amendment.
What Is Needed To File An Amendment?
LLC
Your Oregon LLC has to file a completed Articles of Amendment/Dissolution – Limited Liability Company form. Submit the form to the Corporation Division of the Secretary of State by mail, courier service, fax, or in person. Fax filings have to include a Fax Cover Sheet. You also need to pay $100 for the filing.
Corporation
Oregon corporations have to submit a completed Articles of Amendment – Business/Professional form to the Corporation Division of the Secretary of State. You can file by mail, fax, or personally to the Customer Service Desk. Fax filings have to include a Fax Cover Sheet and the $100 filing fee.
How Can DoMyLLC Assist With Streamlining The Process?
Making changes to a company’s formation documents require proper completion and filing of paperwork. Depending on the changes, you may also have to take care of other documents. To help ease the process, you can turn to a reliable document filing company like DoMyLLC. Our team can provide support and assistance to Oregon business owners who need help in handling formalities to ensure compliance with the state.
Oregon Amendment FAQs
The filing fee for an amendment is $100. If the only amendment is a change of member/manager or President/Secretary, the filing is free. If you want to receive a confirmation copy, you have to pay an additional $5.
LLCs need to provide the following information:
- Name of the company
- Registry number
- Exact text of the amendment
- Manner of adoption
- Adoption date
- Authorized signature
Corporations have to include the following information:
- Name of the company
- Exact text of the amendment
- Adoption date
- Principal office address
- Authorized signature
The Corporation Division of the Secretary of State usually takes a week to process mailed and faxed documents. If you submit the documents to the Customer Service Desk in person, you only have to wait for a business day.
The state will return the document by fax or mail if you requested it and paid an additional $5. To do this, you have to file the form in duplicate.
Oregon Business Resources:
Oregon Office of Secretary of State
Phone Number:
(503) 986-2200
Address:
Public Service Building, Suite 151, 255
Capitol Street NE
Salem, OR 97310