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It gets fuzzy when it comes to B-Corps. "In the United States, a benefit corporation is a type of for-profit corporate entity, authorized by 30 U.S. states and
by ferentchak 9y ago
It gets fuzzy when it comes to B-Corps.
"In the United States, a benefit corporation is a type of for-profit corporate entity, authorized by 30 U.S. states and the District of Columbia[1] that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals. Benefit corporations differ from traditional C corporations in purpose, accountability, and transparency, but not in taxation. "
When investors put their money into a B-Corp they have decided to invest in a company that has declared that profit is not their only motive.
I was working for the first B-Corp to become publicly traded. At that point the leadership was forced to test their idealist goals vs the pressures of forecastable quarter after quarter growth.
https://en.wikipedia.org/wiki/Benefit_corporation https://en.wikipedia.org/wiki/Benefit_corporation