The Social Enterprise Law Market

49 Pages Posted: 7 Feb 2016

See all articles by J. Haskell Murray

J. Haskell Murray

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

Date Written: February 4, 2016


During the last seven years, over thirty states have passed at least one social enterprise statute. These social enterprise statutes allow the formation of a plethora of new entity types, including low-profit limited liability companies, benefit corporations, benefit limited liability companies, public benefit corporations, and social purpose corporations. Social enterprises have attracted increasing academic attention, but virtually nothing has been written on if and how states are competing for these entities. This Article attempts to fill that void, while also providing a history of the social enterprise forms, a comparative analysis, and recommendations for states that wish to engage in jurisdictional competition in the social enterprise law market.

Keywords: Benefit Corporations, L3C, Certified B Corporations, constituency statutes, jurisdictional competition, third party standards, B Lab

JEL Classification: K1, K22, M13, M14

Suggested Citation

Murray, J. Haskell, The Social Enterprise Law Market (February 4, 2016). Maryland Law Review, Vol. 75, No. 541, 2016, Available at SSRN:

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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