Asked by Anissa Hoyte on Jul 05, 2024
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A benefit corporation , also called a public benefit corporation or B-corporation, is a corporate entity whose legally defined goals are only having a positive impact on society and the environment, not making a profit.
Benefit Corporation
A type of business structure that embeds social and environmental objectives into its charter in addition to profit-making goals.
Legal Goals
Objectives that laws and legal systems aim to achieve, such as justice, protection of rights, and maintenance of social order.
Positive Impact
The beneficial effect or outcome that positively affects a community, environment, or individual.
- Recognize the characteristics and legal requirements for different types of corporations, including benefit, professional, and closely held corporations.
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Learning Objectives
- Recognize the characteristics and legal requirements for different types of corporations, including benefit, professional, and closely held corporations.
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