Corporate Forms of Social Enterprise: Comparing the State Statutes

16 Pages Posted: 23 Jan 2012 Last revised: 21 Jan 2015

J. Haskell Murray

Belmont University - College of Business Administration; Belmont University - Massey School of Business

Date Written: January 15, 2015

Abstract

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

Murray, J. Haskell, Corporate Forms of Social Enterprise: Comparing the State Statutes (January 15, 2015). Available at SSRN: https://ssrn.com/abstract=1988556 or http://dx.doi.org/10.2139/ssrn.1988556

J. Haskell Murray (Contact Author)

Belmont University - College of Business Administration ( email )

United States

Belmont University - Massey School of Business ( email )

1900 Belmont Blvd.
Nashville, TN 37212-3757
United States

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