A benefit corporation is a not-for-profit organization that has a stated purpose that includes creating a material that has a positive impact on society.

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A benefit corporation is actually a for-profit organization that has a stated purpose of creating a material positive impact on society, the environment, or both. It is a legal designation in some jurisdictions that requires companies to consider the interests of a broader group of stakeholders beyond just shareholders.

A Benefit Corporation Is a Not-For-Profit Organization That Has a Stated