The Ins And Outs Of Benefit Corporations

Law360, New York (February 17, 2015, 5:46 PM EST) -- A growing trend of sustainable and ethically minded profit-making has laid the foundation for a new legal entity: the benefit corporation. Well-known companies such as Campbell Soup and Patagonia are incorporating benefit corporations into their corporate structures, sometimes as subsidiaries. Twenty-seven states have passed legislation allowing for the formation of benefit corporations, including Delaware, California and New York....

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