Benefit Corporation

A Benefit Corporation is a type of legal business structure that aims to create a positive impact on society and the environment alongside generating profit. Unlike traditional corporations, which primarily focus on maximizing shareholder profits, Benefit Corporations have a dual purpose: to operate sustainably and to consider the interests of various stakeholders, including workers, customers, and the community. They must meet higher standards of accountability and transparency, often assessed by third-party organizations. This structure helps align business practices with social and environmental goals, appealing to consumers and investors who prioritize ethical practices.