Perspective
Jan. 16, 2015
Meet the for-profit benefit corporation
Before structuring a new entity as a for-profit benefit corporation, be familiar with the basic differences among the state statutes. By Jonathan Storper and Yuki Ku
A for-profit benefit corporation - a structure now available in 27 states including California and Delaware - must consider society and the environment in addition to shareholder value. Maryland adopted the nation's first legislation authorizing this corporate form in 2010, and California followed suit in 2011 - making benefit corporations the first new corporate form in over 35 years. Before structuring a new entity as a bene...
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