New Jersey Corporation B-Corp Definition
New Jersey Corporation B-Corp
DEFINITION
A New Jersey B-Corp (Benefit Corporation or B-Corp) is a new legal structure in the United States that is set to up to both benefit society and generate money for its shareholders. Directors are required to consider the impact of their decisions on shareholders as well as workers, the community, and the environment. Shareholders in a benefit corporation determine if the company has achieved a material positive impact, which the organization defines beforehand.
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