Social Entrepreneurship

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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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 »

“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 will be spent “on the ground” without also asking about the overall impact of an organization.  This thinking, among other myopic views about charity, is …

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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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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 »

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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The Latest on Washington State’s Social Purpose Corporation – Is Seattle the Capital for Social Entrepreneurship?

Over the course of my routine internet reading this past week, I came across a large number of blogs and stories regarding the Social Purpose Corporation and some creative ways to use the legal structure.  So I thought I would share. Seattle Social Purpose Corporation Meetup First, I should note that there’s a meetup in …

The Latest on Washington State’s Social Purpose Corporation – Is Seattle the Capital for Social Entrepreneurship? Read More »

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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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 here).  The social purpose corporation (or SPC) is Washington State’s social enterprise; its version of the benefit corporation that has been adopted by several other …

Why the Social Purpose Corporation is Necessary: Self-identification and Legitimacy. Read More »

Are the managers of traditional corporations “really” required to maximize profits to shareholders? A review of eBay v. Craiglist et al, in the argument supporting “hybrid” social enterprises.

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 …

Are the managers of traditional corporations “really” required to maximize profits to shareholders? A review of eBay v. Craiglist et al, in the argument supporting “hybrid” social enterprises. Read More »

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