Benefit Companies: An Introduction
Benefit companies can make a positive impact on their communities as well as making a profit. The Secretary of State’s Corporation Division Director Eloisa Miller explains what a benefit company is, and describes the benefits that status can provide for you and your community. https://sos.oregon.gov/benefit-company
TIMESTAMPS
00:00 Introduction
00:15 History of the establishment of Benefit Companies
00:38 Both Corporations & LLCs can be Benefit Companies
01:16 What is an Oregon Benefit Company?
02:40 3rd Party Standard
03:40 What does the process for registering entail?
04:39 Why register as a benefit company?
05:37 What are the benefits to the community?
06:04 What's the difference between Benefit Company and Certified B-Corporation?
07:42 Is the registration process the same?
8:15 Closing remarks