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.
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. ...›
The difference between reaching and failing to meet financial goals during an impact investment can come down to the details behind how the funds are formed, according to Morrison & Foerster partner Susan H. Mac Cormac in the Law360 article “How To Make The Most Of Impact Fund Formation.” “People really need to be thoughtful when advising ...›
Suz Mac Cormac, chair of Morrison & Foerster LLP’s Social Enterprise + Impact Investing group, was extensively quoted in the Law360 impact investing article, “What To Know About PE’s Penchant for Impact Investing.” Impact investing has been around for quite a while, but the private equity industry’s involvement is a relatively new development. Normally focused ...›
The recently enacted Tax Cuts and Jobs Act provided for a new set of provisions designed to incentivize long-term investment in certain low-income areas nominated by states and designated by the Treasury Department (Opportunity Zones, currently listed here). These new provisions have generated significant excitement and buzz from impact investors and traditional investors alike, but ...›
Delaware Companies: Apply for your Sustainability Certificate starting October 1 As of October 1, 2018, Delaware entities can begin applying for the state’s new voluntary Certificate of Adoption of Transparency and Sustainability Standards through the Secretary of State, passed in June 2018.[1] The innovative reporting program allows Delaware corporations, partnerships, limited liability companies, and statutory ...›
Morrison & Foerster LLP is proud to be one of the nine law firms launching Lawyers for a Sustainable Economy, a groundbreaking, first-of-its-kind initiative to advance sustainability around the world. As a lead founding firm, MoFo has committed to providing free legal services worth at least $2 million by 2020 to entrepreneurs and community-based nonprofits taking ...›
On July 19, MoFo Impact’s Fredo Silva will speak during a roundtable discussion on “The Future of Impact Investing.” The Impact Capitalism Summit is the largest convening of investors focused on maximizing impact and maximizing return. Learn more about the Impact Capitalism Summit. ...›
In April 2018, the Delaware State Bar Association’s Corporate Law Section approved an amendment to the Delaware Limited Liability Company Act that allows for the formation of public benefit limited liability companies (PBLLCs). The proposed new PBLLC statute – Subchapter XII of Chapter 18, Title 6 of the Delaware Code (PDF) – closely tracks the Delaware public ...›
On June 5, MoFo Impact’s Shannen Naegel will speak at the Grunin Center for Law and Social Entrepreneurship at NYU School of Law’s “Legal Issues in Social Entrepreneurship and Impact Investing – in the US and Beyond.” Her panel, “Beyond Pro Bono: Putting Purpose Into Our Law Practice – A Global Perspective” will be held ...›
This Friday, April 13 from 11am – 3pm, MoFo attorney’s Ben Fox and Jesse Finfrock are leading a social enterprise law workshop and panel discussion hosted by Berkeley School of Law and Berkeley Business Law Journal. Ben and Jesse will present with social entrepreneurs, impact investors and other impact attorneys and lead a teach-in workshop ...›
TrustLaw, in partnership with law firm Tilleke & Gibbins, the British Council, and United Nations ESCAP launched the ASEAN Social Enterprise Structuring Guide, covering legal structures available in Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam. As social entrepreneurship continues to blossom around the world, especially in Southeast Asia, governments in the region ...›