What is BENEFIT CORPORATION? What does BENEFIT CORPORATION mean? BENEFIT CORPORATION meaning

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What is BENEFIT CORPORATION? What does BENEFIT CORPORATION mean? BENEFIT CORPORATION meaning - BENEFIT CORPORATION definition - BENEFIT CORPORATION explanation.

Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.

In the United States, a benefit corporation is a type of for-profit corporate entity, authorized by 30 U.S. states and the District of Columbia that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals. Benefit corporations differ from traditional C corporations in purpose, accountability, and transparency, but not in taxation. Since December 2015, the Italian Parliament has introduced a new type of for-profit corporate entity named Societa Benefit, a virtual translation of the US form, thus making Italy the first country in the world to make this legal status available on its entire territory. Australia is in the process of drafting their own, simi...

Topics:  Society
Portland Reed 

Good Video!