Benefit Corporation Law

Benefit Corporation Law allows companies to operate with a dual purpose: generating profit and creating a positive impact on society and the environment. Unlike traditional corporations that prioritize shareholder profit, benefit corporations are legally required to consider the well-being of stakeholders, including employees, communities, and the planet. This legal framework encourages businesses to adopt socially responsible practices and be transparent about their impact. Benefit corporations must also publish annual reports demonstrating their commitment to these goals, ensuring accountability and promoting a balance between profit and purpose.