Benefit Corporation (B Corporation)

The benefit corporation, or B corporation, is a form of legal incorporation in the United States designed to meet the special needs of businesses that are organized primarily for some socially beneficial purpose, with profit as a secondary or incidental objective. The benefit corporation as a form of legal incorporation is distinct from the designation “B Corp” or “Certified B Corp,” which is a private, voluntary certification without any recognition in law. B Corp certification is conferred by B Lab, a nonprofit organization that seeks to facilitate businesses with a social benefit objective.