What Up, B? Is a Benefit Corporation Right for Your Startup?

What Up, B? Is a Benefit Corporation Right for Your Startup?

B Corporation, Corporations
It's hard to believe that five years have past since Arizona allowed new businesses to form as "B" corporations here in our State.  While the bulk of my work with startup companies still involves more traditional corporations and LLCs, lately I've witnessed an uptick in interest from startup founders asking about organizing as a B corp.  I believe this trend will continue as the appetite for ethical corporate governance and good corporate citizenship continues to grow.  So what is a B corporation anyway? The B Corporation: What It Is and Is Not For those that don't know, the "B" in B corporation stands for "benefit" (or, more specifically under Arizona Revised Statutes §10-2402, a "general public benefit").   Think of these entities as (with apologies to the late President Bush)…
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