SINCE 1974
What is a Delaware Public Benefit Corporation, Exactly? Delaware Public Benefit Corporations (PBC) function like any other for-profit corporation, but with a key difference. Public Benefit Corporations bake specific public benefit purposes into their foundation documents as for-profit entities. Delaware PBCs can use company resources to pursue public benefit causes without strictly focusing on maximizing […]
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Do you want to make money while also making a difference in the world? The Delaware Public Benefit Corporation (“PBC”) allows companies to do just that. A Public Benefit Corporation is a for-profit business with a stated “public benefit” purpose set out in its incorporation documents. Delaware PBCs benefit both stakeholders and shareholders, and […]
Continue Reading 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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How to Go From a Corporation to a PBC First, the decision to change from a traditional corporation to a PBC must be adopted in the annual meeting minutes of stockholders by a two-thirds vote in favor and through a unanimous action by the directors of the corporation. A PBC is not a different legal […]
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