Benefit Corporation

(redirected from B Corp)

Benefit Corporation

A corporation 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.
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.