File to Become a Benefit Company

People, Planet & Profit

An Oregon benefit company is a type of corporation or limited liability company that wants to consider its impact on society and the environment in the business decision-making process, in addition to earning a profit.

Benefit companies differ from traditional corporations and LLCs with regard to their purpose, accountability and transparency. The purpose is to create a general public benefit, which is defined as "a material positive impact on society and the environment, taken as a whole, from the business and operations of the company."

To become a benefit company, an Oregon corporation or LLC must do the following. 

  • ​Include a statement in the articles of incorporation or organization that says the corporation or LLC is a benefit company subject to ORS 60.750 - ORS 60.770​​.
  • Adopt a third-party standard. 
  • Prepare an annual benefit report identifying: 
    • The actions and methods used to provide a general or specific public benefit.
    • Any circumstances that hindered or prevented a benefit.
    • How well the benefit company met or exceeded the third-party standard. 
  • ​Distribute the annual benefit report to the owners and post it on the company’s website.  

Start or Convert to a Benefit Company

Oregon business or professional corpo​​ration: 

Oregon limited lia​bility company:

Converting to a benefit company does not change your business entity type. Our regular forms are still appropriate to use.

Adopt a Third-Party Standard

Each benefit company is required to assess itself by a third-party standard to ensure it's creating a positive impact. There are many third-party standards organizations that meet the statutory requirements. Examples include:

Benefitcorp.net provides a list of many third-party standards providers.

Find detailed information in our Benefit Company FAQ.​​​​​​​​​​​

Plant sprouting from pile of coins.
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Would You Like to Know More?

View the list of Oregon benefit companies​.

Find detailed information in our Benefit Company FAQ.

Additional Resources

Benefit Company Bar Association 

Find an Oregon Attorney who specializes in advising benefit companies (courtesy of the Benefit Company Bar Association) 

What is the difference between a benefit company and a Certified B Corp? ​​

​Warning: Always get legal advice before changing your business structure.
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