Companies can incorporate as benefit corporations without getting B Lab certification.

Question

Quizplus · Accepted Answer

Benefit corporation is a legal status that a company can adopt to prioritize social and environmental goals in addition to their financial objectives. B Lab certification is a separate process that verifies a company's commitment to specific social and environmental standards. While B Corp certification is often associated with benefit corporations, it is not required to become a benefit corporation.

Companies Can Incorporate as Benefit Corporations Without Getting B Lab