Benefit Corporations

New Thought Business Network
Helping Demonstrate Spiritual Principles and Practices in Business

Introduction to Benefit Corporations and Certified B Corps

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.

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

States That have Enacted Benefit Corporation Legislation

Arizona Benefit Corporation
Arkansas Benefit Corporation
California Benefit Corporation
Colorado Benefit Corporation
Connecticut Benefit Corporation
Delaware Benefit Corporation
Florida Benefit Corporation
Hawaii Benefit Corporation
Illinois Benefit Corporation
Louisiana Benefit Corporation
Maryland Benefit Corporation
Massachusetts Benefit Corporation
Minnesota Benefit Corporation
Nebraska Benefit Corporation
Nevada Benefit Corporation
New Hampshire Benefit Corporation
New Jersey Benefit Corporation
New York Benefit Corporation
Oregon Benefit Corporation
Pennsylvania Benefit Corporation
Rhode Island Corporation
South Carolina Benefit Corporation
Utah Benefit Corporation
Vermont Benefit Corporation
Virginia Benefit Corporation
Washington, DC Benefit Corporation
West Virginia Benefit Corporation

States that have Introduced Legislation

Alaska Benefit Corporation
Alabama Benefit Corporation
Georgia Benefit Corporation
Idaho Benefit Corporation
Indiana Benefit Corporation
Iowa Benefit Corporation
Kansas Benefit Corporation
Kentucky Benefit Corporation
Michigan Benefit Corporation
Montana Benefit Corporation
Ohio Benefit Corporation
Puerto Rico Benefit Corporation
Wisconsin Benefit Corporation

States That have Enacted Benefit Corporation Legislation

California Benefit Corporation	Hawaii Benefit Corporation	Maryland Benefit Corporation
New Jersey Benefit Corporation	New York Benefit Corporation	Vermont Benefit Corporation
Virginia Benefit Corporation	South Carolina Benefit Corporation	Louisiana Benefit Corporation
Illinois Benefit Corporation	Massachusetts Benefit Corporation

States With Pending Benefit Corporate Legislation

Colorado Benefit Corporation

Pennsylvania Benefit Corporation
Pennsylvania State Seal

Michigan Benefit Corporation

MI Seal

North Carolina Benefit Corporation

North Carolina State Seal

Washington, DC Benefit Corporation

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.