New Jersey Benefit Corporation Law

New Jersey Benefit Corporation Law allows companies to be legally recognized as benefit corporations, meaning they pursue social or environmental goals alongside profit. These companies are committed to positive impact on society and the environment, balancing economic interests with their mission. They must meet specific standards, report on their social goals, and stay transparent about their practices. This legal framework encourages responsible business practices, giving companies the flexibility to prioritize purpose-driven objectives without risking legal conflicts with shareholders focused solely on profit.