There are now over 2,300 certified B Corps and many more companies that have adopted the
benefit corporation legal form.
For my agency, living our values meant we needed to go a step further and pursue B Corporation certification and legal
benefit corporation status.
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.
