Benefit Corporations

This post explores benefit corporations as a tool entrepreneurs can use to make money, foster environmental sustainability, and create societal improvement.

Part I briefly examines who has been advocating for the creation and passage of benefit corporation legislation in the United States. Part II analyzes the statutory requirements to form a benefit corporation. Specifically…

Part II discusses the issues of purpose, accountability, transparency, rights of action, and enforcement of those rights in connection with the creation and operation of a benefit corporation.

Part III highlights the states that have passed benefit corporation statutes and highlights those considering similar legislation.

Part IV examines the pre-existing use of benefit entities, in unincorporated form, through exploration of the benefit certification process. Finall…

Part V offers a future prognosis and debates whether benefit corporations will succeed or fail.

Benefit Corporations