In the past, I’ve explained the difference between being B-Corp certified and forming a business entity like a benefit corporation or, in Washington State, a Social Purpose Corporation (“SPC”). An SPC is a specific type of Washington corporation that permits management (officers and directors) to consider social purposes in addition to their financial bottom line. A B-Corp certification is a rigorous third-party certification offered by B-Lab and earned by those entities (whether corporations, LLCs, or nonprofit corporations) that live up to triple-bottom line metrics under the B-Lab Impact Assessment. But what about the similarities? And perhaps more importantly, how......
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Articles, Crowdfunding, Crowdfunding Act, Finance, formation, incorporation, SEC, Social Enterprise, Social Entrepreneur, social entrepreneurship, startup, state of incorporation, Venture Capital, Washington Jobs Act |
October 16, 2014
Equity Crowdfunding in Washington: The New Frontier in Venture Capital?
By Amy W. Riedel As many of you may know, Washington State’s governor, Jay Inslee, signed the Washington State Jobs Act on March 28, 2014. Our very own Peter J....
Articles, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation |
November 21, 2013
Make a Stand, a Washington State Social Purpose Corporation, Rings Opening Bell for Twitter Stock Exchange and Raises Questions about “Hybrid” Entities
In honor of her use of social media to funnel more than $100,000 to nonprofits combating child slavery, 9-year-old Vivienne Harr rang the bell to open Twitter’s first day of...
501c3, Articles, Finance, Good Business, Mission, nonprofit, Social Enterprise, Social Entrepreneur, social entrepreneurship |
October 18, 2013
Why Business Can be Good at Solving Social Problems
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...
Articles, Benefit Corporation, Dispute Resolution, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation |
August 9, 2013
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.
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...
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...
501c3, Articles, charitable solicitation, Crowdfunding, Crowdfunding Act, L3C, nonprofit, Social Enterprise, Social Entrepreneur, social entrepreneurship, tax-exempt |
April 19, 2013
"The Way We Think About Charity is Dead Wrong" by Dan Pallotta
Many people have a misconception about fundraising costs and charitable giving. Too many donors ask to see the numbers on a charity’s overhead and how much of their donated dollar...
Articles, Crowdfunding, Crowdfunding Act, Dispute Resolution, SEC, Social Enterprise, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation, Venture Capital |
February 11, 2013
Kickstarter and Scam Artists
The concept of crowdfunding is very intriguing to me. The idea that a young company could utilize a tool such as Kickstarter to fund a new venture, thus avoiding the...
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...