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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.
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We provide the services you need to form or convert to a Benefit Corporation:
And, we will be with you as your business grows, to meet all your ongoing business compliance needs:
More than 125 years of compliance expertise.
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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.
Benefit corporations, also known as a “B Corps”, are a new class of corporation created to serve a beneficial public purpose while pursuing a profitable bottom line. Unlike traditional corporations, which are operated solely to profit their shareholders, benefit corporations must balance shareholder interests with a clearly stated social mission.