Benefit Corporation Reporting Requirements

Benefit corporations, described in more detail here, are a legal entity type that allow businesses to make a profit while pursuing a public benefit. There are certain responsibilities you will have if you decide to become a benefit corporation. One of these...

Benefit Corporation or B-Corp?

Consumers and businesses over the last several years have become more and more interested in businesses making or pushing for a positive social impact. One part of this movement has been the creation of benefit corporations and B Corps. But aren’t they the same thing?...

Benefit Corporations Raising Venture Capital

B Lab, the nonprofit responsible for the passage of benefit corporation statutes in over 30 states (as of the writing of this post), has released a report on the status of venture capital raised by benefit corporations. While skepticism remains among the...
For-Profit or Nonprofit or Hybrid?

For-Profit or Nonprofit or Hybrid?

Traditionally, the divide between a for-profit or nonprofit organization was clear: for-profit businesses would engage in revenue generation and nonprofits would engage in charitable work to solve social issues and would largely stay away from revenue generation. The...