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Oregon LLC Continuing Obligations

Once an Oregon LLC has been created, the Oregon Secretary of State will require that certain recurring responsibilities and duties be met. The most important of these are discussed below. For further information, refer to the Oregon Secretary of State office.

Records

Each limited liability company shall keep following records open to inspection at its office:

  • A current list of the full name and last known business, residence or mailing address of each member and manager, past and present
  • A copy of the filed articles of organization and any amendments thereto, together with executed copies of any powers of attorney pursuant to which any amendment has been executed
  • Copies of the limited liability company’s federal, state, and local income tax returns, if any, for the three most recent years
  • Copies of any current effective operating agreement and all amendments thereto, copies of any writings permitted or required
  • Copies of any financial statements of the LLC for the three most recent years
  • Unless contained in a written operating agreement or in other permitted writing, a statement prepared and certified as accurate by a manager of the LLC which describes:
    • The amount of cash and a description and statement of the agreed value of other property or services contributed by each member and agreed to be contributed in the future
    • The times at which or events on the occurrence of which any additional contributions agreed to be made by each member are to be made
    • If agreed upon, the time at which or the events on the occurrence of which the limited liability company is dissolved and its affairs wound up

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