Vermont Benefit Corporation Act
The goal of for-profit companies is, naturally enough, to make profits.
Legislation has been introduced in Vermont that would allow companies to exist for other reasons — providing a social good for the community while returning gains to investors. Such companies would register as a “beneficial corporation.”
“This bill proposes to allow new and existing for-profit corporations to elect status as a for-benefit corporation with the purpose, among other thin...
Will Keyser, the Startup Owl, is a wise old bird who has done several startups himself, and helped many others see the light of day: an arboretum, low-tech communication, green retailing, online fitness among many others.