Which of the following statements about the B-corporation is true?
A) A B-corporation is a corporation established for charitable, public, or religious purposes, or for mutual benefit, as recognized by federal and state laws.
B) The B-corporation is known as a benefit corporation, a nonprofit entity with a social mission.
C) B-corporations are not allowed to make a profit.
D) The B-corporation legal form is recognized in all 50 U.S. states.
E) None of these are correct.

Question

Quizplus · Accepted Answer

B-corporations, or benefit corporations, are for-profit entities that aim to create a positive impact on society and the environment in addition to earning a profit. They differ from traditional corporations by having a broader purpose that includes public benefit. They are not exclusively nonprofit, nor are they recognized in all 50 U.S. states, and they are certainly allowed to make a profit.

Which of the Following Statements About the B-Corporation Is True