The Green Loophole

The SPIDERLEGS Conundrum:

'via Blog this' 


(If it's true, great. Forgive me for being skeptical)


....shareholder gain, but for the good of society and the environment.

Currently there are more than 500 companies that have become approved B Corps and legislation has been passed in seven states (Maryland, New Jersey, Vermont, Virginia, California, Hawaii and New York) making them official entities. Some are larger corporations, such as Method Products and Patagonia, but many are also smaller companies and business-to-business operations.

B Corps are similar in design to another kind of company called L3Cs. "The L3C is a hybrid between the nonprofit and for-profit models in that it is essentially a profit-generating entity with a socially beneficial mission," writes Ashley Holmes for GreenBlue. "Like an LLC corporation, L3Cs have the same liability protection and are not tax-exempt; however L3Cs have access to forms of capital that traditional corporations don't qualify for, all in order to further social and environmental goals. Americans for Community Development describe the L3C as a company that 'combines the best features of a for-profit LLC with the socially beneficial aspects of a nonprofit... the for-profit with a nonprofit soul.'"