benefit corporation

Benefit corporations and corporations contrasted in law

By law, the mission of a corporation is to maximize profit for shareholders, and the totality of a corporation's activities must serve that single end. Should a corporation fail to conduct themselves in that manner—fail to fulfill what is called its "fiduciary duty"—they may be held legally liable and face civil penalties.[2][5]
By contrast, benefit corporations must legally account for a variety of considerations as it pursues its mission. Fiduciary duty for benefit corporations must include non-financial interests, such as social benefit, employee and supplier concerns, and environmental impact. Whether it does such is regulated by third-party certification. A benefit corporation resembles a C corporation or a LLC, except for the distinguishing differences inherent in its chartering and agreement to be held accountable to the bounds of its charter by its third-party certifier