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Hi everyone, I'm one of the cofounders of Clerky. We are super excited to be partnering with B Lab to launch this! For those that may be unfamiliar with PBCs,
by swampthing 9y ago
Hi everyone, I'm one of the cofounders of Clerky. We are super excited to be partnering with B Lab to launch this!
For those that may be unfamiliar with PBCs, the high level overview is that they make it easier for founders to build mission-driven companies. With a normal Delaware corporation, you're supposed to maximize stockholder value - but with a Delaware PBC, you're supposed to balance that with the public benefit(s) you chose, and with the interests of anyone materially affected by your company's actions.
B Lab is the non-profit organization that spearheaded public benefit legislation in the US, including in Delaware. They're also the folks that certify B Corporations (some famous ones include Kickstarter, Patagonia, Method (the soap company), and Plum Organics).
This launch is exciting for us because up until now, Delaware PBC startups had no way to get all their formation paperwork done online (there are some incorporation services, but that doesn't give you everything you need as a startup).
If anyone has any questions on the legal details, or in general, feel free to ask :)