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 sections 1 to 11 of Ch. 269 Oregon Laws 2013 (PDF)​.
  • 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.​​​

Would You Like to Know More?

View the list of Oregon benefit companies​.

Find detailed information in our Benefit Company FAQ.

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

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