What is a Benefit Corporation?

Benefit corporations are 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.

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Why Pass Benefit Corporation Legislation

Benefit corporation legislation gives more freedom to entrepreneurs, creates economic development at no cost to the state, and attracts investors. 32 states, including the District of Columbia, have already passed benefit corporation, and 12 did so unanimously.

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How to Pass Benefit Corporation Legislation

With over half the country now having adopted benefit corporation legislation future state adoption of the form is becoming less of a nice to have and more of a need to have. B Lab has assisted in passing the laws in all states that have enacted it and they are working on passing it in the majority of the remaining states. Learn more about the process of passing benefit corporation legislation, who the key stakeholders are, and how B Lab can help.

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Common Misconceptions

Misconception: Benefit corporation legislation increases regulation.