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Benefit Corporations for Good is a business based in Portland, Oregon that is a third-party certifier for benefit corporations and benefit companies.[1] It is listed on the Oregon Secretary of State’s website for third-party standards organizations that meet the state’s statutory requirements.[2]
The certification process through Benefit Corporations for Good requires businesses to fill out a questionnaire and to participate in an interview. It also requires its certified businesses to post annual reports. Benefit Corporations for Good lists its certified businesses on its website.[1] [3]
History edit
Benefit Corporations for Good was registered in October 2017.[4] Its co-founders are Tom Hering and Mary Anne Harmer.[1] “My business partner and I see it as nothing short of a revolution,” wrote Hering about benefit corporations in 2017.[5]
Benefit Corporations for Good launched in April 2018.[1]
In November 2020, Trevor Leahy, the small business ombudsman with the Oregon Secretary of State’s office, asked Hering and Harmer to present information about benefit companies for Oregon’s Office of Small Business Assistance.[6]
In March 2023, Hering submitted testimony in support of Oregon House Bill 3572.[7] The bill was passed in July 2023[8] and became effective in September 2023.[9]
References edit
- ^ a b c d Diehl, Caleb (20 September 2018). "Benefit Company label marred by confusion and lax reporting practices". Oregon Business.
- ^ "File to Become a Benefit Company". Oregon Secretary of State. Retrieved 1 December 2023.
- ^ "Clients". Benefit Corporations for Good. Retrieved 1 December 2023.
- ^ "Business Name Search". Oregon Secretary of State Corporation Division. Retrieved 1 December 2023.
- ^ Hering, Tom (28 June 2017). "Guest column: How Benefit Companies can help save the planet". Portland Business Journal.
- ^ "Why Become an Oregon Benefit Company". YouTube. 27 November 2020.
- ^ "Submitted Written Public Testimony". Oregon State Legislature. Retrieved 1 December 2023.
- ^ Krizanac, Antonija (14 November 2023). "Building in 2024: Recent Oregon Legislative Changes Impacting the Construction Industry". Davis Wright Tremaine LLP.
- ^ "Overview". Oregon State Legislature. Retrieved 1 December 2023.