That is right; the founder used the conversion to preserve the mission post-sale; while the new owner could theoretically change that status, such a change would have its own consequences, including the loss of B Corp certification.
Given the volume of social-impact legal work out there, you are no doubt correct that our referral list does not include lawyers who have done lots of good work for social entrepreneurs. We are always happy to add the names of attorneys who have experience with benefit corporation law to the list — directions to be added are at the bottom of this page: http://benefitcorp.net/attorneys
Great point. We did talk, at the conference, about crystal-balling into the future and setting goals — and benchmarks — as well. To be able to achieve your future goals, you must be ready to be flexible and dedicated in the present!
Thanks for reaching out! That best person to connect with is through the team at B Lab that deals directly with benefit corporation. You can reach out here: http://benefitcorp.net/contact-us and someone will get back with you shortly to talk more about specifics, or you can send an email to your B Lab relationship contact to start the conversation. Keep up the good work!
Thank you for the thoughtful response! We have notified The Skoll Foundation, who can reach Emma Hauser, about your questions. We hope she will connect with you here.
We’re planning to include a part of your response in our newsletter this week, as we are focusing on businesses helping shift…