Benefit Corporations

B Corporations, an alternative for socially conscious entrepreneurs

by The R. Bernard Law Group on 4/10/2013

Entrepreneurs who wish to start a corporation that is strictly for profit may register either a C. Corp or an S. Corp. Should they choose not to register as a corporation they have the option to function as a partnership or...more

Benefit Corporations – A New Type Of Corporation – Are Now Authorized In Pennsylvania

by Julianna Labruto, Michael Sherman | Cozen O'Connor on 3/14/2013

On January 23, 2013, the Pennsylvania Benefit Corporation Act (the Act) became effective. The Act authorizes a new type of for-profit business corporation known as a benefit corporation. Pennsylvania is now one of 12 states...more

Directors May Be Invested With Super Powers In Nevada But Not California

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 2/5/2013

Directors With Super Powers - Sometimes investors would like to endow one or more directors with greater voting powers. This is possible with a Nevada corporation by virtue of NRS 78.330(3) which provides “ The articles...more

Nonprofit Notes - Issue 3 | January 2013

by Skadden, Arps, Slate, Meagher & Flom LLP on 1/29/2013

In This Issue: - Raising Funds Without Raising Problems - IRS Issues Clarification Regarding Contributions to Single-Member LLCs - Appellate Decisions Impact NY Nonprofit Chapter Organizations - The...more

For Profit Corporations with a Social Mission - Pennsylvania's New Benefit Corporation Act

by Cynthia Fischer, Sekou Lewis | Schnader Harrison Segal & Lewis LLP on 1/8/2013

A new Pennsylvania Benefit Corporation Act (the “Act”) becomes effective on January 23, 2013. The Act authorizes a new type of corporation known as a Benefit Corporation. The Act is intended to provide entrepreneurs and...more

Benefit Corporations: A New Way Forward?

by Scott Budnick, Jerrad Howard | Dinsmore & Shohl LLP on 1/4/2013

Originally published in Bar Briefs by the Louisville Bar Association on January 2, 2013. Are you a civic-minded entrepreneur looking to turn a profit and make a social difference at the same time? Are you a consumer who...more

Benefit Corporations: Twelve States and Counting

by Sarah A. Altschuller, Noah J. Kaufman, Sharon C. Lincoln | Foley Hoag LLP - Corporate Social... on 12/20/2012

On December 1, a new benefit corporation statute went into effect in Massachusetts, making the state one of twelve that have enacted legislation allowing for the formation of this new form of corporate entity....more

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