A benefit corporation is a new legal tool to create a solid foundation for long-term mission alignment and value creation. It protects mission through capital raises and leadership changes, creates more flexibility when evaluating potential sale and liquidity options, and prepares businesses to lead a mission-driven life post-IPO.
Benefit Corporations are for-profit entities similar to S Corp or C Corps. It is important to note that Benefit Corporations are neither nonprofits nor hybrid nonprofits. Becoming a Benefit Corporation does not change your tax status, nor does meeting the B Corp legal requirements.
Want to learn more about Benefit Corporations? See our website (http://benefitcorp.net) for more information.