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The power to do good, combined with the ability to make profits. CT's experts can guide you through the ins-and-outs of this exciting new business structure.
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We provide the services you need to form or convert to a Benefit Corporation:
And, we will be with you as your business grows, to meet all your ongoing business compliance needs:
More than 125 years of compliance expertise.
65% of Fortune 500 companies trust us with their compliance.
Personal representatives who support you across the life of your business.
No. As of January 1, 2016, only 30 states and the District of Columbia allow you to incorporate as a benefit corporation: AR, AZ, CA, CO, CT, DC, DE, FL, HI, ID, IN, IL, LA, MA, MD, MN, MT, NE, NH, NJ, NY, NV, OR, PA, RI, SC, TN, UT, VA, VT, and WV. Idaho's benefit corporation law takes effect on July 1, 2015. Expect the number of states permitting benefit corporations to increase in coming years.
Yes, benefit corporations face additional compliance and governance obligations. Some states require a “benefit director” who ensures that the corporation meets its stated public purpose. Additionally, a benefit corporation must prepare a benefit report using a third-party standard to assess its performance regarding to its public purpose.