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Nevada Registered Agent Service™ The
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What is a Benefit Corporation?
Last updated Sunday, April 7, 2024
Benefit corporations, governed by NRS Chapter
78B, are for profit entities that consider the society and environment in
addition to fiduciary goals in their decision-making process, differing from
traditional corporations in their purpose, accountability, and transparency.
The purpose of a benefit corporation is to create general public benefit, which
is defined in 78B.040 as “a material positive impact on society and the
environment, taken as a whole, as assessed against a third-party standard, from
the business and operations of a benefit corporation.”
How
do I register my corporation as a benefit corporation?
In its articles of incorporation, or through an amendment, a
benefit corporation states that it is a benefit corporation and identifies one
or more specific public benefits as an additional purpose, such as, though not
limited to, the following examples:
• Providing low-income for underserved individuals or communities with
beneficial products or services.
• Promoting economic opportunity for individuals or communities beyond the
creation of jobs in the ordinary course of business.
• Preserving the environment.
• Improving human health and promoting the arts, sciences or the advancement of
knowledge.
Nevada
Commercial Registered Agent
Entity # E0502742015-6
NV Business ID NV20151637034
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