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 traditional corporations with modified obligations committing them to higher standards of purpose, accountability and transparency. 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? Visit the website (http://benefitcorp.net) for more information.