Benefit Corporations + Fiduciary Duties of Corporations vs. LLCS

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February 22, 2023

by a professional from Villanova University - Villanova School of Business in West Chester, PA, USA

Benefit corporations (and benefit limited liability companies) are becoming more and more popular to broaden the scope of considerations board members and executives can make in business decisions so that they can support social initiatives such as fair employment, environmental sustainability, and other matters beyond net profit. It's driven the success of companies like Toms, Athleta, Warby Parker, Allbirds & more.

I recorded a video to share an overview of the benefit corporation in case you come across one in your business, or would like to convert a business to a benefit corporation to increase marketability or have your fiduciary duties align with your company values.





Please feel free to reach out if you have any questions regarding benefit corporations or other legal entities.

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Reply by a lender
in United States
Thank you, ^redacted‌ for sharing your overview of a benefits corporation. Knowledge is power. We rise by lifting others!
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Reply by a searcher
from University of Southern California in Las Vegas, NV, USA
WOW! I never thought of the fiduciary responsibility of the corp for giving away profits to the underprivilege. Great to know there's away with benefits corp. Thanks Laura for the info
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