Converting To A B Corp
If you have an existing company, you can elect to become a benefit corporation by amending your governing documents. In most states, amendment requires a 66% super-majority vote of all shareholders. This high threshold of approval is an important element of the B Corp structure. Converting from a traditional corporation or LLC to a B…
What is a B Corp?
A B Corp or, in this case more properly called a benefit corporation, is a new class of corporation for companies seeking to blend both profit and purpose. The B Corp is a new type of corporation for a new type of entrepreneur, the social entrepreneur, who creates business models that benefit society, the environment,…
