The push to create Benefit Corporation legislation in Oregon is ramping up for the Legislature’s short session.
The push to create Benefit Corporation legislation in Oregon is ramping up for the Legislature’s short session.
The legislation would provide a legal framework for companies to register as a company dedicated to providing a public benefit. The designation would be available as an option alongside C Corporation or S Corporation.
Similar legislation has been passed in California, Vermont, Hawaii, New York, Maryland and New Jersey and is pending in North Carolina, Pennsylvania, Michigan and the District of Columbia.
But the late effort faces an uphill battle during a short session that has an agenda already packed with budget, education and health care concerns.
Read more at Sustainable Business Oregon.
Read more about B Corps in Oregon.
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