While the core tenets of the benefit corporation structure of purpose, accountability, and transparency are included in all the states' statutes, there are some differences. Most of these differences stem from differences in the state corporate codes (e.g. the inclusion of dissenter's rights), and some reflect a difference of opinion on how best to implement the new structure (e.g. the requirement to have a specific benefit director). Click here for a full state by state analysis of these differences; an abridged version will be available shortly.
State by State Analysis
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Legal Disclaimer: The information on this site does not constitute legal advice and is provided solely as a reference. Those interested in electing benefit corporation status should discuss with their legal advisors the potential risks and liabilities and specific processes associated with this for the company's circumstances and state of incorporation.