Are You a Startup?

If you’ve assessed your options for structuring your business (e.g., LLC v. Corporation) and the corporate form is right for you, or you’re thinking about raising capital, registering as a benefit corporation at startup can help you achieve your long-term goals as a mission driven business.

Baking your mission into the very DNA of your company from the beginning can provide many benefits:

It’s easy to become a benefit corporation at inception

  • Incorporating as a benefit corporation at the start means you don’t have to undertake votes to achieve the ⅔-shareholder vote requirement or the impact of dissenters rights

  • There’s no potential for no name change requirements or reprinting of stock certificates

It’s good for your businesses

  • You create clarity by baking your mission into the very DNA of your company from the beginning

  • Workers, suppliers and consumers know from the start that you are a different type of company, and can begin creating this distinction when messaging is easiest

  • Investors know your mission and know you’re legally required to consider your stakeholders. There is no risk of mission loss due to shareholder lawsuit.

  • Fulfilling the reporting requirement reduces the time required for investor due diligence and allows investors to easily find your company in a confusing marketplace

It connects you to other businesses

  • You are halfway to qualifying as a Pending B Corporation, plugging you into the network of over 1,000 Certified B Corporations.

  • You stand alongside leaders like Patagonia and Plum Organics in choosing the legal form with the highest standards of accountability & transparency.