social purpose corporation; social impact; social entrepreneur; social enterprise

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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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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Why Business Can be Good at Solving Social Problems

Business is a tool, its how you use that tool that matters.  Michael Porter, the Harvard Business School Professor in the Ted Talk video below, argues that business can be the tool to solve the world’s greatest problems. We all know the social problems: childhood obesity, poverty, water scarcity, poor healthcare, climate change. Usually, we look …

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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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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.  …

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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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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 …

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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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