What is a benefit corporation?
Benefit Corporations are a new class of 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; and 3) reports on its overall social and environmental performance using recognized third party standards. - Read More
State by State Status
Pending
Latest News
Push on to pass Benefit Corporation legislation in Oregon, Portland Business Journal, January 30, 2012
Firms With Benefits, The Economist, January 7, 2012.
-
Companies begin filing as benefit corporations, Sacramento Business Journal, January 5, 2012
Patagonia Road Tests New Sustainability Legal Status, Bloomberg, January 3, 2012.
New Law Gives Firms Do-Gooder Status, Sacramento Bee, January 3, 2012.
This site is run as a public service by B Lab, a nonprofit whose mission to use the power of business to solve social and environmental problems.
For information on B Lab's other initiatives, please visit www.bcorporation.net.
Legal Disclaimer: The information on this site does not constitute legal advice and is provided solely as a reference. Those interested in electing benefit corporation status should discuss with their legal advisors the potential risks and liabilities and specific processes associated with this for the company's circumstances and state of incorporation.