Category: Socially Responsible Businesses
The First IPO of a Benefit Corporation – Will Laureate Turn the Tide?
When the first benefit corporation statutes were enacted, the legislation was welcomed with cautious applause. Proponents hailed the move as a step in the right direction towards conscious capitalism, while others expressed cautious optimism. Skeptics said main stream investors would never accept … read more
IRS Says Benefit Corporations May Treat Payments to Charity as a Business Expense
The IRS just released Information Letter 2016-0063, confirming that a “benefit” corporation may deduct payments to charity as an ordinary business expense. This is newsworthy for two principal reasons. First, it confirms that payments made to a charity may be fully deductible … read more
Canada Creates a New Hybrid Legal Form for Social Enterprise
The government of British Columbia recently approved regulations providing for the creation of “community contribution companies” (CCCs), a new corporate structure designed to bridge the gap between for-profit businesses and non-profit enterprises. CCC’s are really designed for companies that adopt a hybrid … read more
