Tag: Benefit Corporation


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, Business Transactions & Services, Flat Fees, Flexible Purpose Corporation, Intellectual property, L3C, Mission, Social Enterprise, Social Enterprise & Nonprofit, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation, Startup & Formation |
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, Business Transactions & Services, Flat Fees, Flexible Purpose Corporation, Intellectual property, L3C, Social Enterprise, Social Enterprise & Nonprofit, Social Entrepreneur, Startup & Formation, Venture Capital |
January 30, 2012

Before Raising Money – Identify Your Liabilities

As more social enterprises seek to obtain investment capital to help grow their business, it is important for Officers, Directors, and Founders to identify potential liabilities, and deal with them,...


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