Berwyn-based B Lab is leading the push for Benefit Corporation legislation in Oregon, reports Sustainable Business Oregon.
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.
Original source: Sustainable Business Oregon
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