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Benefit Corporations For-Profit Corporations

Morrison & Foerster LLP

Unique Considerations for Lending to a Delaware Public Benefit Corporation

In 2013, following in the footsteps of California, Delaware introduced a new corporate form that could be chosen by companies organized under its state law – the public benefit corporation (PBC). This type of corporation is...more

BCLP

Making a Difference (and a Profit): Advantages and Disadvantages of Forming or Converting into a “B” Entity

BCLP on

With the creation of “B” Entities, businesses no longer need to choose between shareholder value and social impact. Under traditional corporate structures, directors have a fiduciary duty to maximize corporate profits and...more

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