Benefit Corporations

The power to do good, combined with the ability to make profits. CT's experts can guide you through the ins-and-outs of this exciting new business structure.

Benefit Corporation Services with CT Corporation

With CT, you have a partner that:

  • Understands your focus on your business purpose and values, as well as your commitment to transparency and exemplary corporate social responsibility.
  • Puts over 120 years of experience at your disposal during every stage of your business cycle
  • Stays abreast of every state requirement, process, and regulation as they’re happening to keep your business moving forward.

Here's how CT can help you:

We provide the services you need to form or convert to a Benefit Corporation:

  • Registered agent services, as well as any other representation services your business requires
  • Conversion of an existing corporation or LLC to a benefit corporation
  • Formation of a new benefit corporation in your selected state
  • Qualification to do business in other states
  • Document retrievals

And, we will be with you as your business grows, to meet all your ongoing business compliance needs:

  • Registered agent services, in every state where you do business, and other necessary representation services
  • Annual Report Filings
  • Business License Research, Filings

Why Choose CT?


Skill

122 years of compliance expertise, with clients in 40 countries.

Strength

65% of Fortune 500 companies trust us with their compliance.

Service

Personal representatives who support you across the life of your business.

Benefit Corporation FAQs

Does every state permit benefit corporations?

No. As of January 1, 2016, only 30 states and the District of Columbia allow you to incorporate as a benefit corporation: AR, AZ, CA, CO, CT, DC, DE, FL, HI, ID, IN, IL, LA, MA, MD, MN, MT, NE, NH, NJ, NY, NV, OR, PA, RI, SC, TN, UT, VA, VT, and WV. Idaho's benefit corporation law takes effect on July 1, 2015. Expect the number of states permitting benefit corporations to increase in coming years.

Do benefit corporations have special reporting requirements?

Yes, benefit corporations face additional compliance and governance obligations. Some states require a “benefit director” who ensures that the corporation meets its stated public purpose. Additionally, a benefit corporation must prepare a benefit report using a third-party standard to assess its performance regarding to its public purpose.

Request a Custom Quote

Have a specific question about a product? A CT Specialist will follow up with a custom quote along with a comprehensive assessment of your needs.