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Questions Answered by Ashley Demland
1 Answer | Asked in Business Formation for Oregon on
Q: Hello, my wife and I operate a small market garden under a simple DBA in Oregon.

We would like to know if it would be advantageous to create a LLC that would make us employees with regular paychecks instead of using profits as personal income. Thank you for your help.

Ashley Demland
Ashley Demland
answered on Apr 29, 2019

Generally, the answer is yes - from a liability standpoint. To shield your personal assets from claims against your business, at a minimum you must form an entity separate from yourselves as individuals. That's usually an LLC, but it could also be a corporation. The DBA alone is not enough... View More

2 Answers | Asked in Business Formation and Business Law for Oregon on
Q: Hi, this question is regarding member capital contributions vs profit distributions and what is profit? (In Oregon).

I'm in a new multi-member LLC with uneven ownership percentage but everyone contributes the same dollar amount per percentage, (ie 1%=$2k, 5%=$10k, etc). Almost 100% of the capital contributions will be for 1 private investment idea this year, not stock related. I know the membership operating... View More

Ashley Demland
Ashley Demland
answered on Apr 22, 2019

Your questions touch on both legal and financial (tax) issues, so the best people to fully answer your questions are (1) a business lawyer experienced in advising startups of this nature, particularly someone who is prepared to take on the securities implications of your question; and (2) a CPA.... View More

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