Why is Benefit Corp Right for Me?

The benefit corporation legal structure supports your mission while you grow your company.

Protect Your Mission

Reduce Liability

Increase Accountability

Attract Talent

Access Capital

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Common Misconceptions

Misconception: Benefit corporations are non-profits or hybrid entities
Misconception: Benefit corporations must be certified or audited
Misconception: Benefit corporations must become Certified B Corps
Misconception: Benefit corporations aren’t profitable
Misconception: Benefit corporations are only small companies or start ups
Misconception: The reporting requirements for benefit corporations are onerous

How to Become a Benefit Corporation

New companies can incorporate as benefit corporations in any region where legislation has been passed. Existing companies can elect to become benefit corporations by amending their governing documents.

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Reporting Requirements

Benefit Corporation Reporting Requirements


A narrative description of pursued general public benefit


Assessment of the overall social and environmental performance


Name of the benefit director and the benefit officer, if any


Name of each person that owns 5% or more of the company's outstanding shares

All benefit corporations are required to create a public benefit report each year. When creating a benefit report, benefit corporations must consult state requirements and choose a third party standard. Learn more about those requirements, along with B Lab’s best practices and examples of published benefit reports.

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*Note that in Delaware the benefit report does not need to be released to the public nor are benefit corporations required to use a third party standard as an assessment tool, however it is considered best practice to do both.

Are you a start-up?

If you’re starting a new business and have decided the corporate form is right for you, or you’re thinking about raising capital, registering as a benefit corporation at start-up can help you achieve your long-term goals as a mission driven business.

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