Gov. John Kitzhaber signed the “benefit companies” bill that aims to attract socially conscious entrepreneurs to Oregon.
Gov. John Kitzhaber signed the “benefit companies” bill that aims to attract socially conscious entrepreneurs to Oregon.
The Benefit Companies legislation allows business owners to adopt a designation, perhaps in lieu of the tags “limited liability corporation” or “limited partnerships,” that indicates their commitment to working to solve social or environmental issues.
Those operators can, as Secretary of State Kate Brown put it, “define themselves by more than just the dollar amount per share, but instead by what they hope to achieve,” such as providing good benefits or patronizing local suppliers.
Read more at Sustainable Business Oregon.
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