Incorporating Social Mission – Options for Social Entrepreneurs

Kavita Dolan

Attorney At Law, Of Counsel, Perlman and Perlman

Business with a purpose, triple bottom line, social enterprise, for-purpose business, social venture

Perlman and PerlmanThese are a few examples from the new lexicon of the flourishing world of commercial ventures striving to achieve social value while turning a profit. Familiar brands which have managed to navigate the early waters of this territory include Whole Foods, Starbucks, Ben & Jerry’s, Tom’s, Etsy and eyeglass manufacturer Warby Parker. Yet even when the undertaking is successful, it remains a challenge to ensure that social goals will endure when the company’s business plan or model is challenged by the volatility of the marketplace, with no guaranteed formulas available in the corporate law books.

Click here to continue reading, and learn more about The Benefit Corporation; Charters, Bylaws and Shareholder Agreements; Capital Structure – Classes of Stock; Third Party Certification; and Creative Alternatives for Safeguarding Mission.