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…
B Corps: Blending Profit & 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, employees, customers and investors. These social entrepreneurs increasingly demand that business serve both shareholders and society, considering the impact of their decisions on multiple stakeholders rather than maintaining…
Will your Purpose Affect Your Profitability?
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, employees, customers and investors. These social entrepreneurs increasingly demand that business serve both shareholders and society, considering the impact of their decisions on multiple stakeholders rather than maintaining…
B Corp: A For-Profit Company with Purpose
If you are you running a tax-exempt organization, at either the federal or state level, or if you are seeking donations and/or grants to fund your operations, you are a non-profit. The B Corp is a new class of for-profit corporation for companies that seek to blend profit and purpose.
General Vs. Specific Purpose For B Corps
Every social entrepreneur has their own unique dream of how they are going to change the world, striving to find a sweet spot where the needs of the world overlap with their skills and passion. That being said, there is no one-size-fits-all approach to creating a positive impact. It will look different in every social…
If I’m Raising Capital, Should I Be A B Corp?
A B Corp, or more properly 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, employees, customers and investors….
How To Evaluate Impact In A B Corp
The B Corp is distinct from a traditional corporation in two key ways. First, the purpose of the company is much broader, shifting from a narrow pursuit of pure profit maximization to creating benefit for all stakeholders. Secondly, B Corps have a higher standard of transparency and accountability regarding their social and environmental performance. All…
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,…
Four Fundamental Questions To Ask Potential Impact Investors
As the co-founder of Synergy Social Ventures, a Hong Kong-based organization that helps early stage social ventures find the money, skills, and support they need to grow, I spend a lot of time helping entrepreneurs prepare for talks with investors. In my experience, I’ve seen the massive potential for miscommunication between the two parties. With…
