What Is a Nonprofit Public Benefit Corporation. As of January 22, 2016, 30 state legislatures and the District of Columbia acknowledge a legal status for benefit corporations. Benefit corporation examples include many well-known corporations, such as Kickstarter, Patagonia, King Arthur Flour, and Method. Patagonia, Turnstile Tours, American Prison Data Systems, Gilded Rogue Enterprises, Evox Television, and Urbane & Gallant are some examples of benefit corporations that subsequently became Certified B Corporations because they felt the certification had additional value. Available to every business regardless of corporate structure, state, or country of incorporation, B Lab certification fees range from $500 to $50,000/year, based on revenues, Developed model legislation, works for its passage and use, offers a free reporting tool to meet transparency requirements. Examples of B Corps. Except in the state of Delaware, benefit corporations must make an annual benefit report available to the public. The report uses the third party standard as an evaluation tool, but need not be certified or audited by a third party. At Benefit Corporations For Good, we help guide you through the process of becoming a benefit corporation.We show you the way, provide you with the tools for certification and offer you services to leverage your benefit corporation status. The main benefit of incorporating as an S Corporation over being self-employed is the tax savings on self-employment taxes (Social Security and Medicare). Benefit Corporations. In particular, directors can benefit from decreased directory liability when confronted with decisions that relate to nonfinancial stakeholders, and shareholders are able to hold the company accountable to its objective. A benefit corporation, also known as a "B Corp," is a brand new type of business structure that empowers the corporation’s leadership to balance public benefits against shareholder profits. However, their scope of focus also includes taking action and making decisions that result in positive changes in the world. The benefit corporation is a new type of entity that allows companies to be socially responsible while still generating profits. This requires an extensive assessment by B Lab, which utilized a rigorous survey in order to rate a corporation's employee relations, environmental practices, local community activism, and other factors. Hire the top business lawyers and save up to 60% on legal fees. Benefit corporations are for-profit corporations that need to consider stakeholders, morals, or missions in … Benefit corporations are still for-profit entities, which, naturally, remain focused on their financial returns. The benefit corporation structure is useful on its own, whether or not a company decides to pursue certification, but here is how the benefit corporation structure relates to B Corp Certification: B Lab is a non-profit organization dedicated to using the power of business as a force for good. 1. All parties benefit from the precedents and protections contained within corporate law. In less than two years, seven states, including New York, New Jersey and California, have enacted laws creating a new hybrid type of corporation designed for businesses that want to simultaneously pursue profit and benefit society. Benefit corporation includes many well-known corporations such as Kickstarter, Patagonia, King Arthur Flour, and Method but what exactly is it?3 min read. Some examples of government-provided public benefit corporations include transit systems, public libraries, and hospitals. Today, many companies express their desire to "do good" in their business operations. 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