Startup Funding Espresso -- What Is a Benefits Corporation?

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By Hall T Martin. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
What Is a Benefits Corporation? Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. A Benefits Corporation is a legal entity that is set up to provide a public benefit. The company using this entity must commit to producing a public benefit. The board of directors must consider the consequences of its decisions on the community. The company must provide a report on its social and environmental performance. The standard is the Delaware Public Benefits Corporation or PBC. A B-corp is similar but distinct from a Benefits Corporation. A B-corp is certified by B Labs for meeting social and environmental standards for performance, accountability, and transparency. The company’s impact is measured with an assessment tool by B Labs. The intention is to encourage the directors of a company to consider the interests of the broader community. Those pursuing a B-corp must amend their operating agreement. There’s an annual fee based on revenue for the company to maintain a certification. Startups providing a social or environmental impact may want to adopt a Benefits entity or B-Corp designation. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let’s go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: For eGuides check out: For upcoming Events, check out For Feedback please contact info@tencapital.group Please , share, and leave a review. Music courtesy of .

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