B-Corp – A Benefit Corporation is a Corporate entity that is sort of halfway between a for-profit and nonprofit. Instead of just the goal of making profit, it also has a public benefit purpose and the shareholders cannot sue the corporation for lack of profits because a B-Corp legally has a triple bottom line and can lose profits to its public benefit purpose. All B-Corps are also C-Corps, and at anytime the Board and Shareholders of a B-Corp can choose to turn back into a C-Corp and remove the public benefit purpose with a 2/3rds vote. Additionally the Shareholders can still collectively fire or remove the entire Board, but any individual shareholder has no power to disrupt the public benefit of the Corporation. At this point B-Corp sponsorship is done on an individual basis and may require equity %, please contact us for more details.