How to Switch to Being a Benefit Corporation
“Corporation laws vary from state to state regarding the rights of shareholders, such as cumulate voting, removal of directors, proposing amendments to the corporation’s charter, and calling special meetings of shareholders.”
Article
This outline describes the major issues that should be considered by an existing business evaluating becoming a benefit corporation. This outline is not intended to provide legal advice to any specific business. Businesses should obtain competent legal and accounting advice before taking any steps to become a benefit corporation.
By
William H. Clark, Jr.Credits
DrinkerBiddleTopics
Benefit Corporation, Certification & Standards, Legal RequirementRelated Resources
Website
Certification & Standards
Legal Requirement
Benefit Corporation
A benefit corporation is a legal tool to create a solid foundation for long term mission alignment and value creation.
Video
Certification & Standards
Legal Requirement
Benefit Corporation
This webinar provides an opportunity to learn about the reasoning and process behind the important and necessary steps for LLCs legal requirment.