When most businesses think about incorporating, they consider S corps, C corps or LLCs. But there’s an emerging alternative for business owners who want to tie their corporate goals to not just finances, but societal good.
The B Corp, officially called Benefit Corporation, is a legal structure that requires businesses to not only generate profits but also create social and environmental benefits.
Starting with Maryland in 2010, eight U.S. states now offer the B Corp structure and several more are considering legislation to adopt it. (A nonprofit called B Lab, which advocates for B Corp laws, also allows any business to be voluntarily certified as a B Corp.)
To read the full, original article click on this link: Should You Become a B Corp?
