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It creates a clear separation between the LLC and its members and allows the company to obtain additional tax benefits. The main reason LLC is Oregon`s most popular business structure is that it requires minimal business formalities. Nevertheless, the simplicity of creating and managing an LLC can be a major obstacle to proper structuring and management, especially if the LLC has more than one member. Since the Land government imposes very little law on the operation of an LLC, it is finally up to the members to implement their own rules and regulations. This is usually done through the establishment of a company agreement. It`s a good idea to establish a company agreement before submitting your organizational items, but the state doesn`t stop LLCs from waiting until the creation process is complete. .