Corporations – Professional Corporation – Oregon
Related Oregon Legal Forms
PROFESSIONAL LIMITED LIABILITY COMPANY:
OREGON REVISED STATUTES, Chapter 63 (Oregon Limited Liability Company Act)
OREGON REVISED STATUTES, Chapter 9, §§ 9.005 through 9.755 (Attorneys)
OREGON REVISED STATUTES, Chapter 58 (Oregon Professional Corporation Act)
The statutory requirements for the formation and organization of a limited liability company (LLC) are set out in the Oregon Limited Liability Company Act. Because of references to provisions of the Oregon Professional Corporation Act in the Oregon Limited Liability Company Act, notice should be taken of the provisions of the Oregon Professional Corporation Act when forming and conducting the business of a LLC.
In addition to the statutory requirements applicable to an LLC organized to engage in the practice of law, the practice of law is controlled by OREGON REVISED STATUTES, Chapter 9, §§ 9.005 through 9.755. A LLC which engages in the practice of law is also subject to all rules, regulations, and disciplinary procedures established by the Oregon State Bar and the Oregon Supreme Court.
A LLC may conduct or promote any lawful business or purpose which a partnership, corporation or professional corporation may conduct or promote unless a more limited purpose is set forth in the articles of organization.
Subject to the laws of Oregon, the rules and regulations of the regulatory board of the profession, and the standards of professional conduct of the profession, a LLC or its members may render professional service in Oregon. Members, including members who are managers, of a LLC who are also professionals are personally liable as members of the limited liability company to the same extent and in the same manner as provided for shareholders of a professional corporation.