As a reminder, the conditions of membership eligibility in the Organization as defined by EO Global and EO Orange Counties bylaws are as follows:
1) Status: Each Member must hold one of the following positions in a Qualifying Business:
a) The Founder or Co-founder; or
b) The Owner; or
c) The Controlling Shareholder
2) Qualifying Business: Each applicant’s business must have current annual gross turnover of sales, or annual commission billing equal to or above US $1M. The Qualifying Business shall be a “for profit” organization.
a) For venture-backed companies, the company must have privately raised funds of US $2M or publicly raised funds of US $5M and have 10 full-time employees. Venture backed companies have three years before they must meet the standard qualification of US $1M in revenue.
b) For non-profit companies, the organization must have an annual operating budget of more than US $1M (funding sources could include dues, sales, grants, and private donations) and must have at least 10 full-time employees.
c) For members who have sold /exited their business for US $8M or more, the member can remain a member for 5 more years. If, within that time, they have started a new business, they are allowed to stay on after the 5 years are over. The new business is not required to meet a minimum revenue qualification. Members who have sold their businesses for less than US $8M may remain in EO at their Chapter Board’s discretion, with a three-quarter Chapter Board vote, reviewed annually, subject to Global Board approval.
3) Tenured Members: EO members who have been members in good standing for ten (10) or more consecutive years shall not be subject to ongoing membership criteria requalification processes.