CATEGORY

April 21, 2010

Maryland Benefit Corporation
News and Avoiding Scams

Maryland Benefit Corporation

The benefit corporation concept has some similarities to the L3C model but is geared toward corporations rather than LLCs. Like the L3C, benefit corporations pursue a mission that goes beyond making a profit for owners and investors. Importantly, it also provides legal protection for board members that consider social and environmental issues when making decisions on behalf of the corporation.

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