1 / 8

Maryland Benefit Corporation: Overview

Maryland Benefit Corporation: Overview. Amy Kincaid, ChangeMatters. Framing Questions. I have been hearing about this…but what is it? Is this something I should consider for my business?. What is this?. New state corporate designation in Maryland.

oriel
Download Presentation

Maryland Benefit Corporation: Overview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Maryland Benefit Corporation: Overview Amy Kincaid, ChangeMatters

  2. Framing Questions • I have been hearing about this…but what is it? • Is this something I should consider for my business?

  3. What is this? • New state corporate designation in Maryland. • Recognizes a real commitment to to balanced “triple bottom line” — People. Planet. Profit. • Not a certification. • Reflects trend and promise of social enterprise and socially-responsible business in the United States and in the world.

  4. Major Provisions • General and specific public benefits • Responsibility and protection for corporate directors • Reporting requirements • Third party standards

  5. Where • Maryland was the first state (and until July 1, only) • Vermont • New Jersey • Virginia • California considering it, and also Flexible Purpose • Five other states considering

  6. Who is it for? • TBD. • Big Bad Woof (Takoma Park/Hyattsville) — retail • Emory Knolls Farm (Street) — greenhouse • Blessed Coffee (Silver Spring) — importing • Taharka Bros. (Baltimore) — fast food • Global Contribution Corp. (St. Paul, MN) — shared workspace developer (out of state) • Coming soon…LLCs

  7. How • Corporate filing or amendment through Maryland SDAT (State Department of Assessments and Taxation) • http://www.dat.state.md.us/

  8. ChangeMatters @changemtrs @amykincaid • Amy Kincaid • www.changematters.com • Info@changematters.com • 301-588-9108

More Related