Social Enterprise Business Models

Deciding the best legal structure for a social enterprise can seem like a daunting, high-stakes task.  This post is designed to help social entrepreneurs and their attorney progress through a clear process for understanding how to structure their organization to maximize their social / environmental impact. I’ve developed and refined this method by working with hundreds of social…

Converting To A B Corp

If you have an existing company, you can elect to become a benefit corporation by amending your governing documents. In most states, amendment requires a 66% super-majority vote of all shareholders. This high threshold of approval is an important element of the B Corp structure. Converting from a traditional corporation or LLC to a B…

B Corps: Blending Profit & Purpose

The B Corp is a new type of corporation for a new type of entrepreneur, the social entrepreneur, who creates business models that benefit society, the environment, employees, customers and investors. These social entrepreneurs increasingly demand that business serve both shareholders and society, considering the impact of their decisions on multiple stakeholders rather than maintaining…

Will your Purpose Affect Your Profitability?

The B Corp is a new type of corporation for a new type of entrepreneur, the social entrepreneur, who creates business models that benefit society, the environment, employees, customers and investors. These social entrepreneurs increasingly demand that business serve both shareholders and society, considering the impact of their decisions on multiple stakeholders rather than maintaining…

B Corp: A For-Profit Company with Purpose

If you are you running a tax-exempt organization, at either the federal or state level, or if you are seeking donations and/or grants to fund your operations, you are a non-profit.  The B Corp is a new class of for-profit corporation for companies that seek to blend profit and purpose.

General Vs. Specific Purpose For B Corps

Every social entrepreneur has their own unique dream of how they are going to change the world, striving to find a sweet spot where the needs of the world overlap with their skills and passion. That being said, there is no one-size-fits-all approach to creating a positive impact. It will look different in every social…

If I’m Raising Capital, Should I Be A B Corp?

A B Corp, or more properly a benefit corporation, is a new class of corporation for companies seeking to blend both profit and purpose. The B Corp is a new type of corporation for a new type of entrepreneur, the social entrepreneur, who creates business models that benefit society, the environment, employees, customers and investors….

How To Evaluate Impact In A B Corp

The B Corp is distinct from a traditional corporation in two key ways. First, the purpose of the company is much broader, shifting from a narrow pursuit of pure profit maximization to creating benefit for all stakeholders. Secondly, B Corps have a higher standard of transparency and accountability regarding their social and environmental performance. All…

What is a B Corp?

A B Corp or, in this case more properly called a benefit corporation, is a new class of corporation for companies seeking to blend both profit and purpose. The B Corp is a new type of corporation for a new type of entrepreneur, the social entrepreneur, who creates business models that benefit society, the environment,…