What Is A B Corp?
Exactly What Is A Benefit Corporation (also known as B Corp)?
Maybe you have found yourself wondering what B Corp really means? If that's the case, you aren't alone. For social entrepreneurs and consumers alike, the jargon that is included with these types of labels and certifications could be confusing, as you would expect.
Before we start, it’s useful to possess a framework for the way companies have a tendency to operate. A lot of companies are generally “for-profit” or “not-for-profit,” with respect to the mission and goals from the founder(s). For-profit companies, frequently referred to as C Corporations, mainly aim to generate revenue and maximize profit, whether for any sole proprietor, multiple partners, people, or shareholders. Company directors of for-profit companies freque...