Benefit Corporation Legal Status

A Benefit Corporation is a type of for-profit company that aims to create a positive impact on society and the environment, in addition to generating profit. Unlike traditional corporations that focus primarily on shareholder profit, Benefit Corporations are legally required to consider the effects of their decisions on all stakeholders, including employees, communities, and the environment. This unique legal status allows them to balance profit-making with social good, providing transparency and accountability in their operations. By choosing this structure, companies commit to higher standards of purpose, accountability, and transparency.