3 ms·
I looked into it a bit, and it seems that you probably need to be a benefit corporation or L3C to qualify for certification. For example, here's what they say f
by 0xffff2 3y ago
I looked into it a bit, and it seems that you probably need to be a benefit corporation or L3C to qualify for certification. For example, here's what they say for US/Deleware/Corporation on their legal requirement page [0]:
> Your company can meet the legal requirement for B Corp Certification by electing public benefit corporation status...
I am very much not a lawyer, but they go on to say existing corporations can transition to PBC status with a majority vote. I wonder whether the reverse is true. If so, there's no legal hurdle to pulling the same bait and switch you describe with a benefit corporation.
0: https://www.bcorporation.net/en-us/about-b-corps/legal-requirements/ https://www.bcorporation.net/en-us/about-b-corps/legal-requi...