I'll be moderating the session Blending Profit and Purpose: The Future of Hybrid Organizations at the Net Impact Annual Conference taking place in Silicon Valley from October 24-26. The panelists are: Robert Lang, CEO and Founder of Americans for Community Development and creator of the first L3C (low-profit limited liability company); Bart Houlihan, Co-Founder of […]
benefit corporation
Doing Well & Doing Good: Hybrid Models for Social Impact
On March 20, 2012, I attended "Doing Well & Doing Good: Hybrid Models for Social Impact," an event co-sponsored by the Foundation Center – San Francisco, UpStart Bay Area,the Hub Bay Area, the Social Enterprise Alliance San Francisco Bay Area Chapter, and the Stanford Social Innovation Review. Here is the introduction to the webcast event provided […]
Benefit Corporations – Part I
Benefit Corporation Characteristics While there may be some variation among jurisdictions adopting benefit corporation legislation, they generally require the following: A purpose of creating general public benefit – A material positive impact on society and the environment, taken as a whole, assessed against a third-party standard, from the business and operations of a benefit corporation. […]
Briefing: California’s New Benefit and Flexible Benefit Corporations
On February 23, Emily and I will be providing a briefing on California's new benefit corporation and flexible benefit corporation for CompassPoint Nonprofit Services. You can attend for free by registering here. Date and Time: Thursday, February 23, 11 am – noonLocation: CompassPoint, 731 Market Street, Suite 200, San Francisco, CA 94103 Last October, […]
New Forms for Social Enterprises – Santa Barbara County Bar Association
I had the great pleasure of giving a presentation on new forms for social enterprises to the Tax Section of the Santa Barbara County Bar Association last week. The lively discussion focused on the L3C and California's new benefit corporation and flexible purpose corporation. The PowerPoint is available here.
California Benefit Corporation and Flexible Purpose Corporation
California Governor Jerry Brown announced today that he signed into law AB 361 (Benefit corporations) and SB 201 (Flexible purpose corporations). These laws will provide social entrepreneurs with two additional forms of legal entities to consider when creating their social enterprises and represents a tremendous step forward for businesses looking to factor social good into […]
Pursuing Profit and Purpose: The Debate in California’s Statehouse and What it Means for Us
Emily and I just returned from a panel discussion at The HUB San Francisco on Pursuing Profit and Purpose: The Debate in California's Statehouse and What it Means for Us presented by The Aspen Institute and Omidyar Network. The focus was on two bills going through California's legislature that could significantly change the social enterprise sector: […]
Corporate Flexibility Act of 2011
On February 8, California Sen. Mark DeSaulnier introduced the Corporate Flexibility Act of 2011 (SB 201) which would authorize and regulate the formation and operation of a new form of corporate entity known as a flexible purpose corporation. As stated in the Legislative Counsel’s Digest: The bill would specify the required and permitted contents of articles of incorporation that a […]
Tweets of the Week – 6/4/10
Here are some of my favorite posts of the week: GregLColvin: Final of my Sugarman lecture, political tax law reform after Citizens United: http://www.adlercolvin.com/attorneys/documents/sugarman.pdf BCorporation: In case you haven't heard – B Corps now legally exist in VT as well as MD! http://bit.ly/bZWMhB ajlovesya: Recap #ynpchat: The Importance of Board Service for Young Nonprofit Professionals […]
Maryland’s Benefit Corporation
On April 13, 2010, Maryland became the first state to recognize a new corporate form called a “benefit corporation” (not to be confused with a “Certified B Corporation”) when Governor Martin O’Malley signed into law, Senate Bill 690, which allows corporations to pursue socially responsible purposes in addition to profits. As Andrea Cohen, Public Policy […]