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Why Form a Public Benefit LLC?

By IncNow September 24, 2021
public benefit LLC

You may have heard of a Public Benefit Corporation, which is a for-profit corporation with a stated public benefit purpose in its Certificate of Incorporation. This allows corporate directors to balance stockholder profit with specific community benefits. Ordinarily, a traditional corporation cannot divert resources for public benefit unless doing so maximizes shareholder value. The Public […]

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INCNOW NAMED 2021 “BEST FOR THE WORLD” IN GOVERNANCE

By IncNow August 5, 2021
bfw2021

IncNow is proud to have been given the 2021 ‘Best for the World’™ award in governance from B Lab, a company that certifies businesses that have achieved the highest standards of environmental and social responsibility. The honor recognizes IncNow’s commitment to ethical business practices, accountability, transparency and overall mission.  The Best for the World list […]

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4 Benefits of Becoming a Sustainable Business

By IncNow July 14, 2021

In today’s corporate climate, sustainability has advanced past the point of simply being a trend. Most successful companies have adopted aspects of sustainability whether it be in their corporate governance structures, operations management procedures, or both. Data supporting the long-term business benefits associated with sustainable business practices has bolstered the growing popularity of sustainability amongst […]

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What Does LLC, Inc, Co, Corp, and Ltd Mean?

By IncNow April 15, 2021
types of entities

You may be asking “What does LLC stand for,” “Which entity should I choose,” “What is Inc.,” “What does Co. mean,” “What is LLC,” or “Ltd vs. LLC?” Before you incorporate, you need to choose which type of entity is right for you. This isn’t something you’re born knowing, and they don’t teach it in […]

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What You Need to Know About the Delaware B Corporation

By IncNow February 17, 2020
B Corp

Do you want to make money while promoting clean and green practices? Are you promoting employment of disadvantaged people? A Public Benefit Corporation (“PBC”) in Delaware, which some refer to as a B-corporation, is a new type of corporate structure. It is a for-profit business that has a stated “public interest” purpose set out in […]

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“Converting” a Corporation to a Delaware Public Benefit Corporation

By IncNow June 7, 2018
public benefit LLC

A conversion from a corporation to a Delaware Public Benefit Corporation has many advantages for existing Delaware corporate directors. A Delaware public benefit corporation is a for-profit corporation “that is intended to produce a public benefit or public benefits and to operate in a responsible and sustainable manner.” Del. Code Ann. tit. 8, § 362. […]

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Should I Incorporate My Business in Delaware?

By IncNow May 20, 2014

Anyone who can incorporate in another state can decide instead to incorporate in Delaware. U.S. constitutional law allows you to incorporate in Delaware with the same rights and privileges as a business incorporated in your home state. The difference is that Delaware law will govern the internal affairs of your business. People from all over […]

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Delaware Public Benefit Corporations: Doing Well and Doing Good

By John Williams August 5, 2013

A new Public Benefit Corporation law became effective on August 1, 2013 in Delaware. This law creates the option to incorporate a public benefit corporation, which is a for-profit corporation that also has a public benefit goal. Managers, officers, and directors must balance the best interests of stockholders, public interest, and the interests of those […]

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