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A modern form of profit corporations exists in the form of a "benefit corporations." A number of for-profit corporations have opted to change their corporate form to this one. Many new corporations have been incorporating as benefit corporations. A benefit corporation aims to gain profit but also has a social mission that may have to do with ...
An ordinary corporation may change to a benefit corporation merely by stating in its approved corporate bylaws that it is a benefit corporation. [2] A company chooses to become a benefit corporation in order to operate as a traditional for-profit business while simultaneously addressing social, economic, and/or environmental needs. [3]
The History of the Corporation (2003) Cadman, John William. The Corporation in New Jersey: Business and Politics (1949) Conard, Alfred F. Corporations in Perspective. 1976. Cooke, C.A., Corporation, Trust and Company: A Legal History, (1950) Davies, PL, and LCB Gower, Principles of Modern Company Law (6th ed., Sweet and Maxwell, 1997), chapters ...
Under the proposed plan, the ChatGPT maker's existing for-profit arm would become a Delaware-based public benefit corporation (PBC) - a structure designed to consider the interests of society in ...
Its current for-profit arm has been governed by a nonprofit board. OpenAI said its existing for-profit arm would become a public benefit corporation with ordinary shares of stock.
The new entity will likely be a public benefit corporation registered in Delaware, OpenAI said. Such a business is a traditional for-profit, but with a stated mission to "produce a public benefit."
Business history is a historiographical field which examines the history of firms, ... For Profit: A History of Corporations (2022) excerpt; Mathias, Peter, ...
In 1837, Connecticut adopted a general corporation statute that allowed for the incorporation of any corporation engaged in any lawful business. [3] Delaware did not enact its first corporation law until 1883. Bank of the United States v. Deveaux, 9 U.S. 61 (1809) corporations have capacity to sue. Gibbons v.