New Rules Allow Corporations In Calif. To Promote Charitable Companies
OAKLAND (CBS) — Last week Oakland's Give Something Back Office Supply joined more than a dozen other California companies at the secretary of state's office to register as a "benefit corporation".
For more than two decades the office store has been using its profits to support local charities. Now they've signed on, the first day it was available, for this new program.
"For companies like us that had been doing this for 20 years—it basically just validates what we've been doing all along and gives us legal protection," said company President and Co-Founder Mike Hannigan.
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