(“L3C) available in nine U.S. states and the Corp,” a private certification for U.S. for-profits “B that demonstrate their commitment to a dual mission of making profits and promoting social good. Benefit corporations would not be successful if jurisdictions did not support their mission, which impacted new legislation to be passed, allowing more benefit corporations to be established. This paper will discuss how benefit corporations continue to bring reform to the traditional corporation model; its history, how benefit corporations create social good; and how investors are beginning to discover social business as an alternative ways of investing. Reforming the Corporation Coined Great Recession,” lasting from December 2007, to June 2009. This “The recession began with the bursting of the eight trillion dollar housing bubble. However, prior to the housing bubble burst, signs of a recession surfaced after the 2007 and 2008 global credit crunch. Although America has made a comeback, it deserves mention that no comeback has been achieved without accountability. There is no one answer to the question of what caused this recession; several factors are responsible. Nevertheless, the federal government holds big banks responsible. Although banks were held responsible, corporations began to function under a microscope, as consumers demanded more transparency. Banks such as Lehman Brothers provided mortgage loans to applicants, who under regular review would not have qualified to receive a mortgage loan. This repetition resulted in other banks doing the same. When the time came and homeowners were unable to continue making their mortgage payments, it resulted in thousands of defaulted loans. (See Figure 1) Figure 1
(“L3C) available in nine U.S. states and the “B Corp,” a private certification for U.S. for-profits that demonstrate their commitment to a dual mission of making profits and promoting social good. Benefit corporations would not be successful if jurisdictions did not support their mission, which impacted new legislation to be passed, allowing more benefit corporations to be established. This paper will discuss how benefit corporations continue to bring reform to the traditional corporation model; its history, how benefit corporations create social good; and how investors are beginning to discover social business as an alternative ways of investing. Reforming the Corporation Coined “The Great Recession,” lasting from December 2007, to June 2009. This recession began with the bursting of the eight trillion dollar housing bubble. However, prior to the housing bubble burst, signs of a recession surfaced after the 2007 and 2008 global credit crunch. Although America has made a comeback, it deserves mention that no comeback has been achieved without accountability. There is no one answer to the question of what caused this recession; several factors are responsible. Nevertheless, the federal government holds big banks responsible. Although banks were held responsible, corporations began to function under a microscope, as consumers demanded more transparency. Banks such as Lehman Brothers provided mortgage loans to applicants, who under regular review would not have qualified to receive a mortgage loan. This repetition resulted in other banks doing the same. When the time came and homeowners were unable to continue making their mortgage payments, it resulted in thousands of defaulted loans. (See Figure 1) Figure 1
Elliott%20-%20Creating%20Reform%20Through%20Benefit%20Corporations.docx