Tuesday, June 07, 2016
Social Enterprises: Benefit Corporation Guide
There are a growing number of entrepreneurs, investors, consumers, and governments worldwide that are embracing the power of business to create positive social change. Social entrepreneurs are starting businesses that generate earned income (like traditional for-profits) while simultaneously generating a social benefit (like traditional non-profits), and an increasing number of consumers, job-seekers, and investors want to be a part of this emerging social enterprise sector.
Andrew Delmonte, Social Enterprise Coordinator at the Buffalo SBDC, has created the Benefit Corporation Guide. Intended to be a legal roadmap for the small business social entrepreneur, the guide introduces the New York State benefit corporation, and guides prospective social enterprises through both the process of incorporation and the procedures necessary to meet the ongoing requirements of benefit corporation law. Download the Benefit Corporation Guide here.