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Introduction to Benefit Corporations and B Corps
This new corporation subtype allows entrepreneurs
and investors to organize stock corporations that can pursue both
economic and social objectives.
Benefit Corporations are a new class of cause-oriented corporation
that:
(1) creates a
material positive impact on society and the environment;
(2) expands
fiduciary duty to require consideration of non-financial interests
when making decisions
(3) reports on its overall social and environmental performance
using recognized third party standards.
Certified B Corporations are a new type of corporation which uses
the power of business
to solve social and environmental problems. B Lab, a nonprofit
organization, certifies B Corporations. There are over 500 Certified
B Corporations across 60 different industries. B Corporations are a
diverse community with one unifying goal:
to redefine success in business. The best resource center for
information on B Corps is B Lab.
http://www.benefitcorp.net/
There is also a page as
http://en.wikipedia.org/wiki/Benefit_corporation
Click Here for a great introduction
to Crowd Funding and the JOBS Act with Candace Klein
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B Lab is a nonprofit organization
dedicated to using the power of business to solve social
and environmental problems. Learn about B Corps at
www.bcorporation.net.
Learn about Benefit Corporations at
http://www.benefitcorp.net/
Click Here for
our invitation to the cofounders of B Lab seeking
possible collaboration and permission to reprint some of
their content on our web sites, webinars and
publications.
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31 States
Have Enacted Benefit Corporation Legislation as of 9-1-2016
www.cedbcorp.org/benefit_corporation.htm
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