Benefit Corporation (legal status)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:standard
gptkbp:alsoKnownAs	gptkb:B_Corporation
gptkbp:canBe	for-profit corporation
gptkbp:distinctFrom	gptkb:nonprofit_organization gptkb:Certified_B_Corporation traditional corporation
gptkbp:enables	legal protection for pursuing social goals
gptkbp:firstEnactedIn	gptkb:Maryland
gptkbp:firstEnactedYear	2010
gptkbp:governedBy	gptkb:state_order
https://www.w3.org/2000/01/rdf-schema#label	Benefit Corporation (legal status)
gptkbp:legalForm	gptkb:public_company
gptkbp:notRequired	to be certified by B Lab
gptkbp:originatedIn	gptkb:United_States
gptkbp:purpose	consider impact on society and environment create general public benefit
gptkbp:recognizedBy	multiple U.S. states
gptkbp:relatedTo	social entrepreneurship corporate social responsibility triple bottom line
gptkbp:requires	consideration of non-financial stakeholders directors to balance profit and public benefit public benefit reporting
gptkbp:sometimesCalled	gptkb:company
gptkbp:subject	annual benefit report third-party standard for benefit assessment
gptkbp:bfsParent	gptkb:Certified_B_Corporation
gptkbp:bfsLayer	8