Benefit Corporation Certification
You have done your research and you have decided to incorporate a Benefit Corporation or you have decided to convert your for-profit corporation into a Benefit Corporation. Congratulations. You may have also read or heard about becoming a certified b-corp. You may ask: Is this b-corp or Benefit Corporation Certification necessary and what will a certification do for your corporation?
Plain and simple, obtaining a b-corp certification is not part of the legal requirements in incorporating or becoming a Benefit Corporation. So, why obtain a b-corp certification?
A b-corp certification will allow you to market and advertise that your Benefit Corporation has gone over and above the bare legal minimum in becoming a beneficial corporation. This could provide your corporation with a competitive advantage when it comes to attracting and retaining employees and the ability to differentiate you from your competitors.
A b-corp certification is not necessary or appropriate for every Benefit Corporation but it would be a good practice for every Benefit Corporation to at least conduct due diligence in order to determine if a b-corp certification should be sought.
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