A majority of states including Kentucky, Indiana and Pennsylvania have changed their laws to allow creation of public benefit corporations (B Corps). This structure enables companies to include a public benefit purpose in their organizations, providing them the flexibility to consider investing in protecting the environment, funding projects in their communities or any cause that contributes to the public good.
Existing for-profit companies have converted their corporate structures to public benefit corporations and entrepreneurs just starting out are considering whether a public benefit structure is right for them.
Stoll Keenon Ogden’s Public Benefit Corporation Services team works with existing and new companies as they explore the benefit corporation structure. Our attorneys are experienced in all aspects of corporate organization and governance, and focused on helping our clients achieve their objectives.
SKO attorneys worked closely with Kentucky’s legislature to develop the Commonwealth’s public benefit corporation statute, giving our clients seeking to form B Corps in the Bluegrass State unparalleled insight.
Among our Public Benefit Corporation Services are:
- Preparation of formation documents
- Assistance with public benefit corporation certification
- Counsel to boards of directors on governance obligations
- Advice on unique tax issues for public benefit corporations
The firm also offers clients an array of services designed to keep their businesses running smoothly or assist through more complex situations when they arise. Led by attorneys recognized among the best by Chambers USA, Best Lawyers in America® and Martindale-Hubbell®, these practices include:
- Corporate Finance & Lending
- Intellectual Property
- Labor, Employment & Employee Benefits
SKO’s collaborative approach to client service is built on our focus on favorable outcomes for every challenge.