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Business Formation › Benefit Corporations

Business formation is the process of establishing a legal entity to carry out a particular entreprise.  The law provides several entity options, each with its own advantages and disadvantages. Limited... more +
Business formation is the process of establishing a legal entity to carry out a particular entreprise.  The law provides several entity options, each with its own advantages and disadvantages. Limited Liability Corporations (LLC), Limited Liability Partnerships (LLP), and S-Corporations are a few examples of available options. When forming a business, founders can choose whichever entity-type best aligns with their specific tax and liability needs and considerations. Other important aspects of forming a business include drafting a comprehensive business plan, choosing appropriate insurance, establishing personnel policies and protecting intellectual property.  less -
Royer Cooper Cohen Braunfeld LLC

To “B” or Not to “B” a Benefit Corporation *

Royer Cooper Cohen Braunfeld LLC on

As counsel for many socially-conscious businesses, perhaps the most frequent early-stage question we field from entrepreneurs is whether they should organize their business as a traditional business entity (such as a...more

The Rodman Law Group, LLC

Entity Selection for New Businesses

The Rodman Law Group, LLC on

When you are thinking of starting a new business, the options for entity structures can seem endless and confusing. The following guide can be used to help you understand the basics and begin to narrow down the options in...more

Mintz - Energy & Sustainability Viewpoints

The Impact Terms Project: Defining the Standard for Impact

Mintz - Energy & Sustainability Viewpoints on

The Impact Terms Project (“ITP”) was launched as a platform intended to provide guidance on best practices to entrepreneurs, investors and other stakeholders in the rapidly-evolving social enterprise space. To this end, the...more

Allen Matkins

Nevada Seizes Delaware’s Business Entity Formation Crown

Allen Matkins on

Delaware has long dominated the market for incorporations. Thus, I was surprised to see University of Nevada Law Professor Eric H. Franklin write that Nevada enjoys a 4 to 1 advantage over Delaware in corporate formations. ...more

Perkins Coie

Is the New Idaho Benefit Corporation Act Right for Your Company?

Perkins Coie on

Idaho recently joined the ranks of the District of Columbia and 26 other states that have passed benefit corporation legislation. The Idaho Benefit Corporation Act, S.B. 1076, becomes effective July 1, 2015, and provides new...more

Best Best & Krieger LLP

Best in Law: Hybrid corporations combine profit and good will

Best Best & Krieger LLP on

These new entities give directors and officers the flexibility to pursue both profit and social objectives without the risk of liability associated with doing so in a traditional corporation. In 2012, California...more

Foley Hoag LLP

Delaware Enacts Benefit Corporation Legislation

Foley Hoag LLP on

On July 17, 2013, Delaware Governor Jack Markell signed into law legislation enabling the formation of public benefit corporations in Delaware. In doing so, Delaware became the 19th state to enact this type of legislation;...more

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