The terms "B corp" and "benefit corporatio" get thrown around more and more these days as (1) consumers increasingly demand socially conscious products and services, (2) employees increasingly want to work at employers that promote a social mission, and (3) regulators and politicians increasingly worry that today's large corporations have the power to cause social harm (for example, think of the European Union implementing its new General Data Protection Regulation and Congress sommoning Facebook to testify regarding the Cambidge Analytics data breach). Which begs the questio, what the heck is a B corp? Is B Corp certificaiton similar to an organic food/women-owned business/fair trade certification, or is a B corp a unique legal entity different than a tradtional corporation or limited liability company (LLC)?
The answer is... both.
