Why Form a Public Benefit Corporation? A Public Benefit Corporation (PBC) allows a business to work toward profit while supporting a social or environmental mission. Unlike a general corporation, a PBC allows directors to consider the affects their decisions have on employees, customers, communities, and the environment, not just shareholders. By incorporating its public support […]
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Achieving the “triple advantage” is the primary aim for firms that invest heavily into promoting sustainability. The three pieces making up the triple advantage are: People The environment Financial results The term describes the business benefits realized alongside significant environmental and societal progress resulting from a company’s sustainability efforts. Statistics published in a report by […]
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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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