#massagecollegeplan It looks like an LLC is not the way to go. Question to add to the list: does Wallins recommendation of a C corporation structure instead transfer seamlessly to a B corporation, which is my preferred structure? B corporations (for Benefit corporations) are structures that voluntarily meet higher standards of transparency, accountability, and performance in taking social benefits such as protecting the environment and providing jobs into the mission of the business. The triple bottom line is: people, planet, and profits--social benefits, environmental/ecological benefits, and financial/economic benefits. This will protect the emerging company from a real dilemma that has hamstrung others before the B corporation became available: a business owner who did not wring out every last cent of profit from the operation is actually vulnerable to being sued by the stockholders. Seriously. So that behavior is baked in to the old structures. B corporations specifically address that problem, and I want to use a B corporate structure to permit me to work on a triple bottom line basis. The question is whether doing it that way is as simple as just plug-and-play (and it never is), or, else, what specifically do I need to do to integrate a B corporation into a crowdfunding equity framework. startuplawblog/2011/09/30/12-reasons-for-a-startup-not-to-be-an-llc/
Posted on: Thu, 08 Jan 2015 16:13:49 +0000