How To Start A Business In Oregon
Entrepreneurship in Oregon
Oregon natives have invented everyday objects from the computer mouse to the maraschino cherry. In fact, the first wikipedia was invented here. It's no wonder so many great entrepreneurs have come from Oregon.
With people like Peter McIntosh and T. S. Townsend (Founders of Tillamook Cheese), and Phill Knight (Founder of Nike) to look up to, the people of Oregon love to lead entrepreneurial teams that change the world.
Containing the bustling city of Portland and beautiful coastlines, the beaver state is a great place to start your small business.
Registering Your Business
Registering your business is one of the first steps to success.
And with Oregon’s 100 dollar fee for starting an LLC, it's important you get it right.
Decide what kind of model is right for you (LLP, LLC, Corporation, Sole Proprietorship). Most small businesses start with an LLC. If you’d like an LLC, S-Corp, or C-Corp done for you, we’d be happy to do that on your behalf.
Before you start your business, look around to understand the market in Oregon.
With an abundance of rich natural resources, Oregon has a ton of business potential.
According to TaxFoundation.org, Oregon ranks an awesome 4th in the sales tax rank.
Another good way to understand Oregon’s market is to visit your local Chambers of Commerce.
You can use your local chamber of commerce to identify opportunities and threats in your local community. It’s a great way to get started on the bottom 2 quadrants of your SWOT analysis.
We’d recommend looking through it and identifying competitors in your industry, and identify the points of parity you need to live up to, and how to better leverage your points of differentiation.
Oregon is full of hard working people that can be amazing assets to your company.
Unemployment rate in Oregon:
Information from Oregon.gov
Average annual salary in Oregon:
26.61 dollars an hour
Information from qualtiyinfo.org
Education levels for residents of 25 and older:
High school degree or higher:
Bachelor degree or higher:
Information from World Population Review
Price index yearly growth: 20.15%
Medium house price: 312,200 dollars
National average house price: 269,039 dollars
Oregon is a unique place to start a business. We hope that the resources and points we brought up here will help you start a business there.
If you’d like to dive deeper into how to start a business, check out our much longer article How To Start A Business. Use both of them to get started on the right foot from day one.
About the Firm...
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