Benefit Corporations (B Corps)
Our team of dedicated attorneys helps businesses establish and certify as benefit corporations (B Corps). As leaders in this area of law, we provide comprehensive services for all stages of the process including formation, certification, and transition planning.
B Corps and benefit corporations are a choice for companies that want to make a positive impact on society while still prioritizing profitability. Studies show that businesses focusing on social and environmental responsibility not only benefit society but also enjoy increased customer loyalty, especially among the influential millennial demographic. In fact, research reveals that consumers are willing to pay more for products from brands they trust, with a focus on health and wellness, natural and organic ingredients, environmentally friendly practices, and social value.
A benefit corporation is a type of for-profit corporate entity that has a dual mission: to create value for its shareholders while also considering the interests of society, the community, and the environment. These entities are subject to state laws that require them to be transparent and accountable about their social, environmental, and financial performance.
While like a benefit corporation, a B Corporation is any for-profit company, including a benefit corporation, that has obtained certification from B Lab, a well-respected global nonprofit organization. B Corps earn certification by meeting rigorous standards in areas such as social and environmental performance, public transparency, and legal accountability. With nearly 4,000 certified B Corporations worldwide, certification demonstrates a commitment to the highest standards of responsible business practices.
At DeWitt, we are well-versed in the intricacies of benefit corporation and B Corp law. Whether you are considering establishing a benefit corporation or seeking certification as a B Corp, our experienced attorneys can guide you through the process to ensure your business is set up for success.
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Learn More About DeWitt's Benefit Corporations and B Corps Services
If you would like more information on becoming a benefit corporation, obtaining B Corporation certification, or both, please contact info@dewittllp.com.
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