According to the California Secretary of State, as of November 4, 2012, there were 79 benefit corporations and 21 flexible purpose corporations. In case you don’t remember, these are the new corporate forms that incorporate elements of a traditional for-profit corporation while also promoting the public purposes of a nonprofit. They have been available in …
Posts Tagged: hybrid corporations
Arthur Rieman and Jessica Shofler Published in LA Lawyer
LA Lawyer’s September issue includes the article “California’s New Hybrid Corporate Statute,” authored by Arthur Rieman and Jessica Shofler of The Law Firm for Non-Profits, along with David Adelman of Greenberg & Bass. The article dissects and analyzes California’s new hybrid corporate forms, which may be a perfect fit for entrepreneurs seeking a business entity …