I just read an article from peHUB about B-Corps and benefit corporations and really don’t know much about this form of business entity. Only legally recognized in 7 states, the benefit corporation status alters the legal requirement to focus only on financial returns thereby giving a company more leeway to pursue other goals typically associated with non-profit organizations.
What do you think of this type of legal designation? Would it make sense for your business? How do you think investors will react? Do you think it will gain popularity and become an option in other states? I’d love to hear your opinions!