B Corp financial definition of B Corp
Benefit Corporation (redirected from B Corp)
in which the members of board of directors
have the statutory duty to provide some tangible benefit to the community and/or the environment. In other words, a benefit corporation is not prohibited from earning and distributing profits, but is expected to do these other things as well. A benefit corporation is informally called a b-corp.
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References in periodicals archive
Example 1: B Corp
. produced a short documentary film, spending $500,000 on the project in 2002 and $400,000 in 2003.
Example: B Corp
. incurred a $1 million Federal NOL in 2002 before the consideration of any state or local income tax refund attributable to the loss.
and B Corp
., multinational corporations, entered into a merger agreement.
is owned equally by individual A and B Corp
. X has no accumulated E&P.
wants to transfer a group of properties to B Corp
. for like-kind property.
Example 2: B Corp
., an S corporation, has two equal shareholders, C and D, who are both employed by B.