Capital and Control: The final two considerations for determining legal structure for your Social Enterprise.
Posted by:Peter Smith
in:Articles, Benefit Corporation, Business Transactions & Services, Finance, Flat Fees, Flexible Purpose Corporation, Intellectual property, L3C, Mission, Social Enterprise, Social Enterprise & Nonprofit, Social Entrepreneur, social entrepreneurship, Social Purpose Corporation, Startup & Formation, Venture Capital
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 traditional for-profit, or a “hybrid” entity like the benefit corporation or a social purpose corporation. You know that I routinely help social entrepreneurs who face this conundrum, and so you come to see me to help you out. Stop! Go and read my first......