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Tag: "B lab"

Louisiana Becomes 9th State to Pass Benefit Corporation Legislation

| August 1, 2012 | Comments (0)
Louisiana Becomes 9th State to Pass Benefit Corporation Legislation

As of today, August 1st, 2012, companies throughout the state can incorporate as benefit corporations. To celebrate the passage of this new legislation, the New Orleans Business Alliance along with Propeller and B Lab are hosting a reception tonight from 5:00 to 7:00 pm. An RSVP is required to attend this event.For those of you [...]

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The Benefit Corporation: Social Responsibility before Profits

| January 23, 2012 | Comments (5)
Image via BCorporation.net

In most states, a public stock corporation is obligated to pursue profits before anything else. If the officers and directors of the corporation fail to do so, they may be liable to shareholders for not acting in their best interest. This presents a problem for firms who want to donate all the net profit to [...]

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