|
Wondering what all that B Corp talk is about? SEE Change contributor and legal advisor, Natalie McFarlane, breaks it down for you here.
There has been much ado south of the border about recent developments with B Corps (B stands for "Benefit") and the concomitant legislative amendments to state corporate laws, which give birth to a new type of legal corporate form: the Benefit Corporation. This piece will serve to clarify the difference between "B Corp" and "Benefit Corporation," highlight the benefits and responsibilities of becoming a Certified B Corp for social entrepreneurs, and touch on Canadian developments of Benefit Corporation legislative proposals.
|