Businesses seek state’s new ‘benefit corporation’ status

On the first business day after a state law took effect, a dozen companies committed to social and environmental causes file papers to legally put those efforts on par with their goal of making profits.

By Marc Lifsher

Full Story: http://www.latimes.com/business/la-fi-benefit-corporations-20120104,0,552054.story

(Many thanks to Susan Hay Patrick – CEO of United Way of Missoula County http://www.missoulaunitedway.org/ for sharing this.)

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Explaining the Maryland Benefit Corporation Law

by Kyle Westaway

All of us social entrepreneurs were really excited to hear about the Benefit Corporation legislation passing in Maryland. But, after the dust has settled, many are wondering, “What exactly does this law do?” So we’ve looked at the statute and created an overview of the legislation.
Check it out. Pass it on. We’d love to hear what you think and what questions remain unanswered. Leave your questions in the comments section and we’ll answer every one of them.

http://socentlaw.com/2010/06/explaining-the-maryland-benefit-corporation-law/

(Many thanks to Pat Little for sharing this information)