Social Purpose Corporation

people, cartoon, social distance

B-Corps & SPC’s: The Path to Certification!

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. …

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environmental protection, nature conservation, ecology

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 trading on the NYSE.   Vivienne decided that she would sell lemonade in an effort to combat this despicable practice.  She was inspired by a picture …

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electric charge, road sign, sign

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 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 …

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. Read More »

mountains, trees, fog

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 announcement of the creation of an in house venture fund aimed at startups looking to make a positive social impact in these distinct areas:  clothing, …

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scam, hacker, security

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 costly and difficult prospect of acquiring traditional venture capital, is exciting.  Indeed sites that help small businesses acquire funding have started to carve out a …

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earth, scion, leaf

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 socially motivated business.  Now, generally, this conversation starts with a discussion of what business entity is best suited for a particular venture.  Should it be …

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environmental protection, nature conservation, ecology

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 in the marketing business whether word choice is crucial; they know that words develop identity and create associations, and chosen carefully, words establish brand loyalty.  …

Salesforce.com relinquishes Trademark application for “Social Enterprise”; What you Can Do to Protect a Phrase that Defines a Movement. Read More »

environmental protection, nature conservation, ecology

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 of you may consider attending: 1. The Truth about Ben and Jerry’s Widely used as the impetus for the benefit corporation, there was more going on …

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scale, justice, judge

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 structure should you form?  Because your idea combines for-profit considerations and nonprofit motives, you’re a little confused about whether you should form a nonprofit, a …

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earth, scion, leaf

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 legal structure available for incorporation in several states,[1] whereas a B-Corp is a certification granted by B-Labs, a Pennsylvania nonprofit corporation.  Think of benefit corporations …

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