Should Your Corporation Be A Benefit Corporation (And What Is A Benefit Corporation)?
I am sure many of us have heard the reports in print and online media that Millennials are becoming the largest consumer group and that they often choose to spend their money at companies which practice good corporate citizenship. This includes supporting corporations that put their money where their mouth is by donating services, products, or a percentage of their profits to underserved communities or other charitable causes. Think about the company that donates shoes to the underprivileged or a family in a third world country if you buy a pair of shoes from them. Or, the company that donates a percentage of its profits to a particular charity. How are these companies set up in their state of incorporation?Thirty-three states, at last count, have…

















