March, 2010Archive for

For Benefit Corporation: a Vermont first

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...