In recent years, two new types of corporations have been created to address the goals of making money, attracting private investors and addressing societal concerns: the benefit corporation and L3C. A study shows more than $120 billion in potential investments for these socially-minded companies. The emergence of these corporations serve as alternatives to the traditional C or S Corporation structures. [and perhaps the 501c3]. . .
The benefit corporation is recognized in Maryland, California (which also has the flexible purpose corporation), Hawaii, Vermont, Virginia, New Jersey and (as of February 14, 2012) New York. In order to incorporate as a benefit corporation, the corporation must have Continue reading