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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