Tag: Social Enterprise

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 profits at the expense of social and environmental considerations? Although proponents of hybrid entities (benefit corporations, social purpose corporations, etc.) will tell you that management for a traditional for-profit corporation is required to simply maximize profits, management’s actual fiduciary duties are more nuanced.  Directors and officers are under a duty to act “in the best interests of the company.”  What is truly in a company’s “best interests” is highly......


Articles, Benefit Corporation, Business Transactions & Services, Dispute Resolution, Flat Fees, Flexible Purpose Corporation, Intellectual property, L3C, Social Enterprise, Social Enterprise & Nonprofit, Social Entrepreneur, Startup & Formation |
January 15, 2012

Dispute Resolution Planning for Social or Hybrid Entities

With the uncertainty surrounding new corporate entities such as the Benefit Corporation, Flexible Purpose Corporation, and Low Profit Limited Liability Company, it is important for these businesses to contractually control...

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