B-Corps: A New Kind of Company

Original post date: September 23, 2014 Article by: Matt Kelly On July 20th, 2014, Rick Scott signed SB 654 into law, creating two new types of business entities. These benefit corporations or “B-Corps” are designed to encourage corporations to pursue charitable purposes, attempting to combine the strengths of both for-profits and nonprofits, while discarding each’s weaknesses. Such hybrid businesses could allow … Continue reading B-Corps: A New Kind of Company