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The Case for Being a Benefit Corporation

Jonathan Storper and Leslie Keil, Hanson Bridgett LLP

The social enterprise revolution in corporate law is helping social entrepreneurs looking for new structures to better embed their mission into their business venture. To date, benefit corporation legislation has been passed in 25 states (including California, effective on January 1, 2012 and Delaware, effective on August 1, 2013), and 15 more have this legislation in the works. Currently, there are more than 500 registered benefit corporations. Benefit corporations offer clear market differentiation, broad legal protection to directors and officers, expanded shareholder rights, and greater access to capital than current alternative approaches. In this session, you will learn the difference between a benefit corporation and a B corporation and how to evaluate which one or both of these options are best for your business. You will also hear from entrepreneurs, investors and legal experts who are utilizing the benefit corporation structure to move the direction of capitalism towards the creation of shared and sustainable prosperity.
benefit corporation, entrepreneur, Fundraising, social enterprise

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