http://californiabusinesslaw.blogspot.com/2012/01/california-flexible-purpose-benefit.html http://californiabusinesslaw.blogspot.com/2012/01/california... Cali

http://californiabusinesslaw.blogspot.com/2012/01/california-flexible-purpose-benefit.html http://californiabusinesslaw.blogspot.com/2012/01/california... California Flexible Purpose and Benefit Corporations Enacted in October 2011 and effective today, January 1, 2012, Corporations Code Section 2500 et seq. and Section 14600 et seq. create two new types of business entities, the flexible purpose corporation and the benefit corporation. Both allow the organization of corporations which are, while not non-profit, encompass both economic profit, as well as social welfare, objectives. In short, these are hybrids between traditional for-profit corporations, and traditional nonprofits. Or, if you prefer, socially conscious stock corporations. [...]