Differences Between Flexible Purpose and Benefit Corporations
Back on New Year’s Eve in 2012, Corporation Code Section 2500 et seq. and Section 14600 et seq. created two different business identities, which came to be known as Benefit Corporation and flexible purpose corporation. Both these corporations are allowed to have an organizational structure that encompasses economic benefits and profits along with social… Read More
S Corporations And Tax Savings
There are different forms of operating businesses in the market, which have a separate legal status and are eligible to pay taxes to the government on the amount of profit earned during the year. One type of corporation which is exempt from tax payment is an S Corporation. What is an S Corporation? An… Read More
Benefit Corporations – What Are They?
Benefit Corporations, or B Corporations, are a fairly recent form of corporate structure. These corporations are designed for for-profit organizations that wish to take into account the environment and society along with profitability in their strategy and decision making process. The novel corporate approach allows the higher management to see beyond the interests of… Read More
Agreement Of Merger For Corporate Mergers
Under the California Corporation Code, before initiating a merger, there is a lot that a corporation needs to take care of. The Merger Agreement should be filled out correctly and any sort of mistakes or corrections should be avoided at all costs. Follow these tips to ensure approval, the first time. Tips for Filing… Read More