B-Companies

Benefit Companies
3:13 pm
Thu January 2, 2014

Oregon Exceeds Expectations For Benefit Company Registrations

Rogue Valley Creamery. One of the 29 businesses that registered as a Benefit Company on January 2, 2014.
Credit TripAdvisor.com

Environmentally sustainable or socially conscious companies in Oregon can now register as “Benefit Companies.” On the first day of the new law, the number of companies that enrolled exceeded projections.

Benefit companies, or B-Companies, are for-profit businesses that offer environmental or social benefits. The Oregon legislature passed House bill 2296 last year allowing B-Company registrations to begin January 2. Secretary of State Spokesman Tony Green says Oregon is the only state that allows both corporations and limited liability corporations to register as B-Companies.

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