Misconception: The reporting requirements for benefit corporations are onerous.

The annual benefit report should not pose undue obstacles for managers. In fact, many managers find the process a useful tool with which they can improve their impact and their business operations. In addition, producing an annual benefit report can be a press and marketing opportunity for companies. The annual benefit report required in most states is a self-assessment using a third-party standard conducted by the benefit corporation. There is no requirement to be certified or audited by this third party standard.