Minding Your Business

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Minding Your Business

A quarterly newsletter from the Oregon Secretary of State’s

Office of Small Business Assistance (OSBA)

Business Licensing in Oregon

In Oregon, businesses must consider various licensing requirements, including local business licenses, home occupation permits, and professional licenses. Local licenses are typically issued by cities or counties, allowing businesses to operate within those areas. For home-based businesses, a home occupation permit may be necessary to ensure compliance with zoning laws and that the business doesn't disrupt the surrounding neighborhood. Fortunately, information about local business licenses and home occupation permits can usually be found on your city or county website.

Professional licenses are different from local licenses. They are required for certain fields and are regulated by state boards or agencies to ensure individuals meet industry standards. Professions relating to healthcare, law, real estate, and construction often require specialized state-issued licenses. For example, doctors must be licensed by the Oregon Medical Board, and contractors must be certified by the Construction Contractors Board. These licenses generally focus on skills, ethics, and the safety of the services provided, instead of the business’s physical location. Fortunately, like city and county license requirements, regulatory board websites are usually easy to find. The Business Xpress License Directory, an initiative of the Oregon Secretary of State, also provides information about various state and local license requirements.

Unlike many other states, Oregon does not have a general, statewide business license. Instead, we have a business name registry. Any business in Oregon that is an LLC, a corporation, or using an assumed business name needs to register with the Oregon Secretary of State. Business name registration can be done online through the Secretary of State website.

Each of the above requirements serves a different function, so it's important for business owners to research and ensure they’re in full compliance at the local and state level.

State Workforce Analysts Want to Help Your Business Succeed

Do you know how the wages you pay your staff compare to the wages paid by other businesses in your area, the state, or even nationally? Do you want to know whether your customer base is growing or shrinking? What is the age distribution of your market area? Would growth predictions for your industry over the next 10 years be helpful for you?

Maybe you would like a monthly update on the current economic and labor market trends for Oregon or your specific region.

The Employment Department's Workforce Analyst Program has a team of economists who live and work throughout Oregon and are experts in your regional labor market. They want to help your small business. Workforce Analysts can respond quickly to your information needs, often within one business day, and are available to you at no direct cost.

You can connect with your regional economist by finding the Workforce Analyst that covers your county. You can also find general state employment articles and the latest economic data by visiting the Quality Info website.

Required Beneficial Ownership Information Reporting

Federal law now requires certain business entities to disclose who really owns or controls them. As a result, many small businesses must report their beneficial ownership information to the federal Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of the Treasury.

Failure to report carries stiff penalties. It can lead to civil fines of up to $591 daily, as well as criminal penalties of up to two years imprisonment and a $10,000 fine.

Businesses can file beneficial ownership information reports online and at no cost. To file a report, or for more information on the reporting requirements, go to the Financial Crimes Enforcement Network (FinCEN) website.

OSBA Quarterly Report

  • The Office of Small Business Assistance (OSBA) helped 192 businesses in the third quarter of 2024.
  • 55% of OSBA cases originated from phone calls, 25% from web form submissions, and 20% from emails.
  • Cases most commonly involved one of the following four state agencies: the Secretary of State's Corporation Division (for business registration questions), the Department of Revenue, the Construction Contractors Board, and Business Oregon.
  • OSBA staff closed 41% of all cases within the first 3 days of customer contact, while 30% of cases took between 4 and 10 days to resolve. 29% of cases required more than 10 days to resolve.
  • During the third quarter, OSBA staff attended 22 business events in 7 counties.

Featured Events

Governor’s Marketplace, Portland, 10/28

The Governor's Marketplace will be held in Portland on Monday, October 28, from 9 a.m. to 5 p.m.

This daylong, in-person event brings information about public contracting opportunities and business resources to Oregonians across the state.

Pre-registration is highly recommended, as session space is limited. There is no charge to attend.

BOLI Employment Law Conference, Virtual, 11/7-11/8

The Bureau of Labor & Industry (BOLI) will hold its 40th annual Employment Law Conference on Thursday, November 7, and Friday, November 8. This year's conference will be fully online. 

The Conference helps employers navigate complex--and often changing--workplace rules. Topics this year include paid leave, performance management pitfalls, wage and hour challenges, and new laws.

Expo Negocio, Keizer, 11/14

On Thursday, November 14, the Latino Business Alliance, in partnership with Energy Trust of Oregon and the City of Keizer, will host the annual Expo Negocio at the Keizer Civic Center.

This bilingual event aims to strengthen the community by providing educational opportunities for both Latino and non-Latino business to develop diverse intercultural relationships. It will include keynote speakers, small business workshops, a large array of exhibitor booths, and excellent opportunities to network.

 

Small Business Development Center Capital Access Team

The Oregon Small Business Development Center (SBDC) Capital Access Team is dedicated to helping small businesses navigate the complex world of financing. Whether you're looking to start a new business, expand an existing one, or simply need working capital, this team provides expert guidance on finding and securing funding.

The Capital Access Team works closely with entrepreneurs to understand their needs and connect them with the right resources. They assist with loan packaging, financial projections, and even introduce businesses to lenders, investors, and other funding sources. Whether you’re seeking traditional bank loans, U.S. Small Business Administration financing, or alternative funding options, the SBDC Capital Access Team is available to help.

Their goal is to make the process of securing capital as smooth as possible, so business owners can focus on growth. If you’re unsure where to start, or feel overwhelmed by the options, the SBDC Capital Access Team is a great resource to get personalized support and guidance for your business.

Connect with the Oregon SBDC Capital Access Team online.

 

About the Office of Small Business Assistance

Launched in January 2014, the Office of Small Business Assistance (OSBA) serves as the statewide ombudsman for Oregon’s small businesses. Businesses and nonprofits with 100 or fewer employees turn to us when they need help interacting with state or local government agencies.

OSBA has a statutory mandate to receive complaints from small businesses concerning interactions with state agencies. As an ombudsman office, we are independent, objective, and confidential. Our role is to help resolve problems in a non-adversarial manner. We are independent advocates for fair, transparent, and responsive government that serves all Oregonians. Accordingly, we adhere to the professional standards adopted by the United States Ombudsman Association, a nonprofit organization that fosters the development of public sector ombudsman offices.

 

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