Benefit Corporation

A benefit corporation is a type of for-profit corporation, authorized by 30 U.S. states and the District of Columbia, that includes positive impact on society and the environment in addition to profit as its legally-defined goals. This type of company is not to be confused with a B Corporation, a social good company certified by the nonprofit B Lab.

After Trump Tax Fiasco, Time for a New Kind of Corporation?

Donald Trump's recent statements about tax liability and fiduciary obligation highlights what's wrong with corporate law.

Crowdfunding Links Small Investors To Social Enterprise Startups

"Regulation crowdfunding" is a lot like Kickstarter, with one big difference: When you send money through Wefunder or SeedInvest, you get stocks or…

In Philadelphia, A Bold Experiment In Sustainable Journalism

"People are starting to realize that serious journalism in big cities could actually go away," says Terry Egger, publisher and CEO of the…

Benefit Corporation Law Should Be Uniform in the United States

The United States should have a uniform set of regulations for all benefit corporations within this country, argues Rebecca Hamburg, a graduate student…

Tracking Changes In Social Enterprise Law

"People are approaching the task of running social enterprises in different ways. Several different forms are available in the U.S., and other countries…

Arizona CEO: Benefit Corporation ‘A Big Competitive Advantage’

"We regularly get calls from highly qualified job applicants who have heard about us and want to work for us," says Adam Goodman,…

Social Purpose vs. Benefit Corporations: Small Distinction, Big Difference

"The law is impractical and unworkable," corporate lawyer Michael Hutchings says of benefit corporation legislation. The permissive alternative to a benefit corporation law…

For-Profit Colleges As Benefit Corporations: Where’s The School Spirit?

In the last few years, six for-profit colleges have re-chartered themselves to become benefit corporations, with a dual mission to pursue a public…

The First Benefit Corporation IPO Is Coming, And That’s A Big Deal

Get ready for the first public stock offering by a chartered Benefit Corporation.

Benefit Corporations for a Sustainable Economy

If governments around the world want to encourage public-private partnerships that help us transition toward a sustainable economy, then they must also create…

Why Milton Friedman Would Have Been Okay With Benefit Corporations

Friedman won the Nobel Prize in 1976, advised President Ronald Reagan on economic policy in the 1980s and wrote several blockbusters, including "Free…

Certified B Corps Are Only Halfway Done

B Corp certification is an important step to becoming a truly sustainable business. But it's only half the battle, says one entrepreneur.

Better Know a Deal: A First for Benefit Corporations

What will be the next public Benefit Corporation or B Corp? This spring Etsy went from private B Corporation to public. Now there’s…

The Rise of the For-Profit, Socially-Responsible Corporation in Canada

Traditionally, for-profit corporations have one mandate -- to maximize shareholder value. Several jurisdictions in the United States have recognized the market for a…

Benefit Corporation Laws — California vs. Delaware. It’s All In the Details

So, you've decided to become a Benefit Corporation. Should you choose Delaware or California?