From “To B or Not To B”

1. A “B Corporation” is Not a New Corporate Form
A “B Corporation” or “B Corp” is a certification mark – like a “Good Housekeeping” seal of approval or “LEED” certification.  B Labs has done a very good job of creating a framework for companies to evaluate their business and operations on ESG factors and to then receive a score or ranking. 


September 27, 2016Corporate Form, Deal Structures

From “To B or Not To B”

1. A “B Corporation” is Not a New Corporate Form A “B Corporation” or “B Corp” is a certification mark – like a “Good Housekeeping” seal of approval or “LEED” certification.  B Labs has done a very good job of creating a framework for companies to evaluate their business and operations on ESG factors and to then receive a score or ranking.  ...›

Microgrid Financing
September 18, 2017Deal Structures, Funding/Financing

MoFo Impact Represents Innovative Microgrid Financing Platform

The MoFo Impact team recently advised Microgrid Investment Accelerator (MIA), a Delaware public benefit corporation, in structuring its unique financing facility. Launched with the assistance of its founding partners, including Facebook and Microsoft, MIA seeks to mobilize $50 million by 2020 to expand clean energy microgrid access in India, Indonesia, and East Africa. By enhancing ...›

September 13, 2017Resources

MoFo Hosts “Banking with Intention” Event

On September 7, Morrison & Foerster, in collaboration with Just Invest, hosted “Banking & Investing with Intention – Making an Impact with your Finances” in San Francisco. Speakers from DBL Partners, Microvest, New Resource Bank, Just Invest, and Morrison & Foerster discussed impact investing, banking and lending with positive intention, and ESG issues with a ...›

September 6, 2017Corporate Form

When and How to “B” – Responsible B Corp Conversion

There continues to be a lot of press around B Corps—not surprising given the marketing expertise of the B Lab founding team and the staff that it has hired. More importantly, the B Corp movement has been embraced by an increasingly wide audience. It is no longer solely the purview of socially and progressively minded liberals, willing or able to sacrifice returns for positive impact. It is now employed by publicly traded ...›

Why a hybrid structure?

When people ask which impact investors inspire us, one team consistently rises to the top: Omidyar Network. Since its founding 14 years ago, Omidyar Network has led a small revolution in the impact investing and philanthropic community. Not only has it dedicated over $1 billion to initiatives working to solve some of the world’s greatest problems, it has redefined how the world thinks about capitalizing these initiatives. ...›

July 20, 2017Funding/Financing

Early Impact of Paris—More Private Sector Motivation

While we can’t predict the full effects of U.S. withdrawal from the Paris Agreement, or whether it will stick, Trump’s announcement has already galvanized cities, states, and institutions to magnify their commitments to mitigate climate change. As noted in our client alert, this creates momentum for subnational actors and private companies to step up and act on climate change. ...›

July 17, 2017Resources

Jess Bissey To Speak At Impact Capitalism Summit

From July 18-20, Big Path Capital will present the 9th annual Impact Capitalism Summit, bringing together what they report as the largest convening of investors focused on maximizing impact and maximizing return. This year’s summit will focus on key factors that are changing the impact investing landscape, including an unprecedented $60 trillion of wealth transfer to women and millennials expected over the next 35 years. ...›

Innovative Fisheries
June 29, 2017Deal Structures, Funding/Financing

MoFo Impact Team Advises on Innovative Fisheries’ Conservation Transaction

The MoFo Impact Team recently advised the Martha’s Vineyard Fishermen’s Preservation Trust, a 501(c)(3) tax-exempt entity (MVFPT), with respect to a sustainable fisheries impact investment. With key guidance from the MoFo Impact Team on investment structure and mission preservation and assistance from Catch Together, a nonprofit program of Trust for Conservation Innovation focused on empowering ...›

June 26, 2017Deal Structures

A Brave New (Partnership Audit) World—Why You Should Care About the Proposed IRS Regulations

Social enterprises and impact investors will need to strongly consider their special tax and economic needs as audit planning takes center stage for all partnerships, most LLCs, and their respective partners and members when the thirty-five year old partnership audit regime meets its end on January 1, 2018. On Tuesday, June 13, 2017, the IRS issued proposed regulations implementing the new centralized partnership audit regime, which completely overhauls the longstanding partnership audit, assessment, and collection procedures. ...›