Fla. Woos Do-Gooders With New Benefit Corporation Law

By Carolina Bolado (June 30, 2014, 9:16 PM EDT) -- A new law in Florida set to take effect Tuesday will allow for-profit companies committed to the social good to set up as "benefit corporations" in a new legal framework that provides protection for board members from investor suits and should encourage young socially conscious entrepreneurs to set up shop in the state, experts say.

Florida's Benefit Corporation Law, which was signed into law last week by Gov. Rick Scott, will allow companies that want to combine profit-making with social consciousness to incorporate as either "benefit corporations" or "social purpose corporations" that will signal to investors and consumers that they are...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!