California Registers its First Benefit Corporation

First California Benefit Corporation from The Startup Garage
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Last year, California passed legislative to establish the structure of Benefit Corporations – a legal business structure that combines social issues with business efforts. The law took effect January 1st, 2012 and Yvon Chouinard was first in line at the Secretary of State’s office. His company, Patagonia, is an outdoor clothing, apparel, and equipment enterprise that stands for environmental compassion. The company donates portions of profits towards environmentally friendly causes and since 1986, releases statements on which chemicals are used in their product production.

With the start of the new year, California became the seventh state in the United State to pass Benefit Corporate legislation. Often confused with B-Corps, Benefit Corps are the legal entity recognized by states. They looking beyond the traditional goal of maximizing shareholder value and strive to create positive footprints on society and the environment. Read more about Patagonia and California’s new laws at The LA Times.

Whether you have a question about California’s First Benefit Corporation, or you’d like to discuss our business plan writing services, feel free to contact us for a free consultation!
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About Tyler Jensen

I work with entrepreneurs who are looking to attract investment and get out of the "Garage". I am passionate about helping entrepreneurs start companies that matter. I helped launch over 100 Companies, Non-Profits and Social Enterprises. I consider myself a serial entrepreneur, startup coach & trusted advisor. * Launching New Companies (For Profit, Non-Profit and Social Enterprise) * Expert Business Plan Writer * Extensive Network of Business Relationships focused on Launch & Rapid Growth of New Companies * Startup, Growth, Marketing, Technology, Web, Business Systems * Trusted Advisor to CEO’s & Entrepreneurs * Capital Raising Strategy Development * Startup Team Development The first company I started and sold is VAVi Sport & Social Club which grew to over 25,000 members in six years, was recognized as San Diego’s 30th fastest growing private company in 2006 by the San Diego Business Journal and 32nd fastest in 2007, and sold for over 25X the capital investment.