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...Laureate Education First Benefit Corporation to File for IPO in U.S.
Etsy made news when it went public as a B Corp in April 2015. And now we have the first Benefit Corporation to file for an Initial Public Offering (or IPO) in the U.S.: Laureate Education, an online education platform. On October 1, 2015, Laureate became a Public...
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...