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South Mountain Company

Martha’s Vineyard’s integrated design/build company

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The Company We Keep

Dear Reader,
This blog is now an archive. John Abrams (Founder of South Mountain, author of this blog, and a book of the same name) retired on December 31, 2022. All posts published up until this date are preserved below.

For updates on John's next chapter, visit abramsangell.com.

For updates on South Mountain's second act, subscribe to our newsletter using the form below.

Benefit Corporations

B-Corps on the Move!

December 10, 2012 by John Abrams 9 Comments

On July 31, the last day of this summer’s legislative session, Massachusetts became the 11th state in the country – along with California, New York, South Carolina, Louisiana, and 6 others – to pass legislation enabling businesses to register as a new type of corporate entity:  Benefit Corporations, or B-Corps.  Benefit Corporations are companies which consider the public good – factors such as environmental sustainability and community benefit – in their corporate decisions rather than financial return only.

According to the Boston Globe, “To rein in the excesses of capitalism without losing the dynamism that makes it hum, a variety of thinkers have begun looking for ways to re-imagine the corporation itself, restructuring it to encourage businesses to pursue not only profit, but also positive social impact. One of those innovations will hit Massachusetts December 1st, when companies here will be able to register as a new entity called a ‘benefit corporation.’ ”

Read More about B-Corps on the Move!

Filed Under: Economic Crisis, Politics, Small Business, Workplace Democracy Tagged With: B-Corp, B-Lab, Benefit Corporations, Boston Globe, Brian Joyce, Dancing Deer Baking, Dimagi, Green Engineer, New Leaf legal, Patagonia, Social K, Yvon Chouinard

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