In: legal structure
March 24, 2017
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 entrepreneurs, getting input from fellow attorneys in the field, research and teaching the topic since 2008. Though this decision is never simple, the goal of this process is to reduce complexity, confusion and give the social entrepreneur a few clear options.
Progressing through the process will help narrow down the potential legal structures from 7 to 2 or 3. (more…)
August 2, 2016
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. These social entrepreneurs increasingly demand that business serve both shareholders and society, considering the impact of their decisions on multiple stakeholders rather than maintaining a singular focus on short-term maximization of financial profits. (more…)