Articles of Organization (Oregon)

The legal template, "Articles of Organization (Oregon) under USA law," refers to a document that outlines the formation and governance of a limited liability company (LLC) in the state of Oregon, United States. Under USA law, each state has its own unique requirements and regulations for the formation and operation of an LLC, and the state-specific Articles of Organization template caters to Oregon's legal framework.

The purpose of the document is to provide a standardized framework for individuals or groups intending to establish an LLC in Oregon. It typically includes essential information regarding the LLC, such as the company's name, principal place of business, registered agent details, purpose or nature of the business, duration (if not perpetual), and the names and addresses of the initial members or organizers involved in the formation process.

The Articles of Organization sets forth basic governance provisions related to the internal structure and operational guidelines of the LLC, often including details on management structure (member-managed or manager-managed), rights and responsibilities of members, capital contributions, profit and loss allocation, voting rights, and any other specific provisions required by the LLC's organizers or in accordance with Oregon law.

By utilizing this template, individuals or parties interested in forming an LLC in Oregon can ensure compliance with state laws governing LLC formation, promotion transparency and clarity among members, and establish a solid legal foundation for their business venture. It's important to note that although the template provides a starting point, it may need to be customized or revised to meet the specific requirements of the individuals or group establishing the LLC. Consulting with a legal professional is recommended to ensure adherence to all applicable laws and regulations.