There are now over 2,300 certified B Corps and many more companies that have adopted the benefit corporation
For my agency, living our values meant we needed to go a step further and pursue B Corporation certification and legal benefit corporation
With its new package, Cooley seeks to address the lack of publically available incorporation documents for Delaware PBCs and help companies determine whether being a public benefit corporation
is appropriate for their business.
In 2015, New Hampshire's benefit corporation
law came into effect, allowing a new corporate entity that merges public benefit with for-profit status.
13) If Alaska had passed the benefit corporation
statute, it would have joined the majority of states that have already enacted similar statutes.
In other words, a benefit corporation
or B corporation's goal is to create a product or provide a service and positively contribute to society and the environment while still making a profit and increasing shareholder value.
The Benefit Corporation
is a relatively new corporate status legally recognized by 29 states and the District of Columbia.
a public benefit corporation
that could sell vision insurance, life insurance, and supplemental health insurance products such as critical illness insurance and accident insurance.
Individuals considering forming a Benefit Corporation
, a B-Corporation or a Social Purpose Corporation should consult with an attorney.
Bronner's, the family-owned maker of the natural personal care, has incorporated as a Benefit Corporation
and certified as a B Corp.
She can form a low-profit limited liability company, (1) benefit limited liability company, (2) benefit corporation
, (3) public benefit corporation
, (4) or social purpose corporation (5) to pursue dual missions simultaneously.
There is, however, a relatively new corporate form that aligns the goals of corporate citizenship and board duties: the benefit corporation