A lawyer’s guide to B corps
In November 2017, Wisconsin became the 34th state to allow benefit corporations (b corps). With their many advantages, b corps have become a popular choice for businesses in a variety of industries. Guess what Patagonia, Etsy, Ben & Jerry’s, and New Belgium Brewing Co. have in common — they’re all b corps.
Before your clients start inundating you with requests to set up b corps, make sure you know your way around this business structure. Wisconsin B Corps &mash; Blending Profit and Purpose breaks down the basics of b corps and shows you how to make them work for your clients.
Build your knowledge base
Benefit corporations are often seen as the middle ground between nonprofit and for-profit business structures. A b corp is a for-profit entity that requires the business give equal weight to shareholders, employees, the community, and the environment when making decisions. It allows companies to weave social responsibility into their corporate DNA.
Attend this seminar to become familiar with Act 77, the Wisconsin benefit corporation statute. Discover the details of:
- Drafting compliant articles of incorporation
- Changes to the duties imposed on directors
- Shareholder rights
- Converting to a benefit corporation
As the b corp movement grows, the definition of and ideas surrounding social enterprise are changing. Examine the best business models of social enterprise and how to help your client choose an appropriate one for their goals.
Boost your b corp knowledge at Wisconsin B Corps — Blending Profit and Purpose.