Business is a tool, its how you use that tool that matters. Michael Porter, the Harvard Business School Professor in the Ted Talk video below, argues that business can be the tool to solve the world’s greatest problems. We all know the social problems: childhood obesity, poverty, water scarcity, poor healthcare, climate change. Usually, we look to NGO’s—nonprofit charitable organizations—or government to solve these problems. Often, however, nonprofit work falls disappointingly short, and government . . . . well try calling the IRS (or any other federal government agency) today and see how far you get. What’s getting in the......
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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, Mission, Mohammed Yunus, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation |
September 26, 2012
Salesforce.com relinquishes Trademark application for “Social Enterprise”; What you Can Do to Protect a Phrase that Defines a Movement.
Language matters. Language is how we communicate, frame problems and seek their solutions, and otherwise interact as social, complex human beings. Words can affect how a person feels. Ask anyone...
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, Flexible Purpose Corporation, L3C, Mission, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation |
June 7, 2012
Why the Social Purpose Corporation is Necessary: Self-identification and Legitimacy.
Effective today, Washington will recognize a new corporate entity: the social purpose corporation. You can learn more about this legal structure here and here (or even download the legislation’s text...
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, Flexible Purpose Corporation, Mission, Social Enterprise, Social Entrepreneur |
March 8, 2012
A new way of doing business, the Benefit Corporation Ted Talk
“Because government and nonprofits alone are insufficient to solve the world’s most pressing problems . . .” Like Jay Coen Gilbert (one of the founders of B-Labs and the Benefit Corporation)...
Articles, Benefit Corporation, Flexible Purpose Corporation, L3C, Mission, Social Purpose Corporation |
March 2, 2012
The Washington State Senate approves of the “Social Purpose Corporation”
Today, the Washington State Senate approved a bill that would establish the Social Purpose Corporation by a vote of 34 to 14 with 1 excused. The bill was passed...