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The Health of Hybrid Entities: How many benefit corporations and social purpose corporations are out there? A comparison and data analysis on the SPC’s relative success.
Posted by:Peter Smith
August 9, 2013
in:Articles, Benefit Corporation, Dispute Resolution, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation
Last month, over at SocentLaw, I came across an interesting blog post by Haskell Murray explaining a collaborative attempt to quantify how many benefit corporations exist across the US. The post is quick to admit that the numbers cannot be completely trusted because the relevant state agencies (usually the secretary of state) don’t necessarily have good data on the number of benefit corporations in their states. Benefit Corporations are typically lumped in with traditional corporations, so separating the data can be difficult. Nonetheless (and with numbers that are about 1 month old), Mr. Murray’s post explains that there appear......
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Articles, Benefit Corporation, Flexible Purpose Corporation, nonprofit, Projects, SEC, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation, Venture Capital |
May 7, 2013
Patagonia Launches In House Fund
There is lots of movement in the social impact investment space lately it seems. Yesterday on Businessweek.com there was an interesting piece on Patagonia, California’s first Benefit Corporation, and its...
Articles, Benefit Corporation, Crowdfunding, Crowdfunding Act, Flexible Purpose Corporation, Mission, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation |
January 4, 2013
The Recipe for Social Entrepreneurship – Love of Jojo’s Sriracha Sauce
In our day-to-day practice at Apex Law, we are lucky enough to come into contact with many social entrepreneurs who are seeking advice on how to structure and implement their...
Articles, Benefit Corporation, Flexible Purpose Corporation, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation |
September 10, 2012
Social Entrepreneurship Articles and an Event for the Week of Sept. 9, 2012
I’ve recently come across a couple of interesting articles that I felt were worth sharing with the community. Also, there’s an event on the SPC this week that some...
Articles, Benefit Corporation, Finance, Flexible Purpose Corporation, L3C, Mission, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation, Venture Capital |
August 15, 2012
Capital and Control: The final two considerations for determining legal structure for your Social Enterprise.
You want to make a change with your new business venture and you’re ready to file the necessary paper work to form a legal structure, but what type of legal...
Articles, Benefit Corporation, L3C, Social Enterprise, Social Entrepreneur, social entrepreneurship |
July 14, 2012
The Latest on Washington State’s Social Purpose Corporation – Is Seattle the Capital for Social Entrepreneurship?
Over the course of my routine internet reading this past week, I came across a large number of blogs and stories regarding the Social Purpose Corporation and some creative ways...
Articles, Benefit Corporation, Flexible Purpose Corporation, L3C, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation |
July 4, 2012
The Difference Between a Benefit Corporation and a (certified) B-Corp
I’m often asked: What’s the difference between a benefit corporation and a B-Corp, are they the same thing? No, these are not the same thing. The benefit corporation is a...
Articles, Benefit Corporation, Flexible Purpose Corporation, L3C, Mission, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation |
June 6, 2012
Are the managers of traditional corporations “really” required to maximize profits to shareholders? A review of eBay v. Craiglist et al, in the argument supporting “hybrid” social enterprises.
Over at her blog Razesquire, Karen Raz asked an interesting question summarized as follows: where in the law does it say that traditional corporations must pursue a duty to maximize...
Articles, Benefit Corporation, L3C, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation, Venture Capital |
April 23, 2012
Why a start-up should use an attorney to help form their business structure from “This Week in Startups”
Here’s a question I often get: should I use an attorney when first form my company, or should I go with a web-based service, or should I do it myself?...
Articles, Benefit Corporation, Dispute Resolution, Flexible Purpose Corporation, L3C, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation |
April 2, 2012
Benefit Enforcement Proceedings for the Benefit Corporation– What are they and How will they work?
As more and more states enact legislation authorizing Benefit Corporations, more questions will be asked about the form and function of these hybrid entities. Nowhere are these questions more evident...