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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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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.
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.