Benefit and B Corporations: What They Are and How They Work

Corporate partner Elizabeth Lange participated in a webinar for the Association of Corporate Counsel to discuss Benefit Corporations. 

As businesses more frequently prioritize social and environmental impact alongside profit, Benefit Corporations (or B Corps) have emerged as legal structures that formalize their commitment to purpose-driven business practices. Lange discussed their formation, their compliance requirements, and the potential benefits for businesses seeking to balance profit with purpose.