Fall 2012
New legal forms that make it easier for a business to pursue a social mission, such as benefit corporations and low-profit limited liability corporations (L3Cs), are growing in popularity. But according to “The Truth About Ben & Jerry’s”—a critical look at the sale of the popular ice cream company featured in the fall 2012 issue of Stanford Social Innovation Review—you don’t need a new legal form to do good. In fact, it’s possible for a regular old C corporation to pursue the same social mission as one of the new types of corporations.
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