Episode 2: Social Purpose Entities

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Want to start a business that makes a profit and gives back? In this episode, Peter and Alexander explain social purpose entities, why you should consider being one, and how you can start your own. Peter, with an extensive history of working with social purpose entities, and Alexander, a seasoned corporate attorney, provide insight into social entrepreneurship and the distinction between a social purpose entity and a traditional corporation. They discuss how SPCs can give back to the environment, community, and stakeholders while still making a profit.

Social purpose entities provide a corporate structure and legal framework for entrepreneurs and start-ups that are seeking to balance investor satisfaction while maintaining their own social impact goals. From low profit LLCs (“L3Cs”) to B-Corp certified companies, Peter and Alexander explore the ways social purpose entities indicate that an entrepreneur is looking to do good while succeeding in business.

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