Annual Oregon filings for new corporations have hovered around 13,000 during the last 10 years, declining just slightly during the last two. State filings for new limited liablity companies (LLCs), on the other hand, have grown by leaps and bounds, from less than 3,500 in 1996 to more than 21,500 in 2005, a 526% increase. LLCs are governed by fewer rules of ownership, structure and reporting, and unlike corporations, they are generally not subject to taxes, pasing their income or losses on to owners’ tax returns. During the last three years, the total number of U.S. business firms, as measured by the U.S. Census Bureau, has held steady at about 5.7 million. Meanwhile, total firms in Oregon have numbered around 85,000.