Corporate Forms of Social Enterprise: Comparing the State Statutes
16 Pages Posted: 23 Jan 2012 Last revised: 21 Jan 2015
Date Written: January 15, 2015
This chart attempts to summarize and organize major provisions of various U.S. social enterprise statutes. The entity forms allowed by one or more of the social enterprise statutes are benefit corporations, flexible purpose corporations, public benefit corporations, and social purpose corporations. The chart is intended to aid readers in comparing the corporation-based social enterprise state statutes. The chart is updated as of the date listed in the document footer, and the substance of each state statute is included only after the statutes become effective.
The information contained in this chart was gathered as background research for the author's first article on benefit corporations: J. Haskell Murray, Choose Your Own Master: Social Enterprise, Certifications, and Benefit Corporation Statutes, 2 Am. U. Bus. L. Rev. 1 (2012) and has been updated for use in later articles.
Keywords: Benefit Corp., B. Corp., B Lab, social enterprise, social impact, impact investing, blended value, corporate social responsibility, CSR, social entrepreneurship, social business
JEL Classification: G34, K10, K22, L21, M10
Suggested Citation: Suggested Citation