Posted by Staff Writer on 12/14/2017 to
IncSmart Products
IncSmart Wisconsin (Small Business and Startups) - Wisconsin Creates Benefit Corporations. creates a new category of Wisconsin corporation, the “benefit corporation.” This new business entity provides an avenue for businesses to pursue profits and at the same time strive to fulfill a socially responsible mission. Positive impact on society and the environment in addition to profit as its legally defined goals. Benefit Corporations differ from traditional C corporations in purpose, accountability and transparency, but not in taxation.
Joins 34 States And The District Of Columbia. Directors and officers of benefit corporations may be held accountable by shareholders for the failure to take these factors into consideration.
- similar to the purposes of nonprofit corporations.
- the standard of conduct.
- annual benefit statement
Shareholders are able to bring legal action to hold a benefit corporation accountable for its social mission(s), it is not difficult to envision conflicts between shareholder constituents with differing priorities.
Written by IncSmart Staff
Starting a Business in Wisconsin
For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form Wisconsin Corporations and Wisconsin Limited Liability Companies. When you call, email, text, message or live chat with our office, expect personal attention. Small business is the heart of IncSmart.
We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place.
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