A corporation that wishes to express further commitment to positive social and environmental changes can apply to become a Certified B Corporation (or B Corp). If you go on to get certified as a B Corp, there is a chance your small business will get audited by B Corp, which says it checks up on about 10% of its certified companies each year. A benefit corporation has social and environmental goals, advocates for corporate accountability and protects the financial interests of shareholders. 4. That has created relationships and collaboration among B Corps. Certified B Corporations pay an annual certification fee, which licenses them to use intellectual property like the Certified B Corp logo. A corporation is typically a combination of people or a company that has derived its license from the state to operate as a single entity and legally can be recognized as such for a few specific purposes. In this article, we will discuss Corporation Examples. More information on choosing a third-party standard can be found here. The B in B Corp is open to interpretation. Check out examples … Certified B Corporations are a new kind of business that balance purpose and profit. Compare your answers to thousands of other businesses and see how you stack up. Nearly 2,000 companies (including TriplePundit) are now B Corp certified. Certified B Corps. Better World Books, which is one of the founding B Corporations, is an excellent example of what the B Corp movement is all about. Top 9 Examples of Most Common Corporations. What is a B Corp? A B Corp, on the other hand, is an organization that has successfully completed the certification put forth by the nonprofit B Labs. If you have been operating for less than a year, you can become a Pending B Corp which is £250. There are numerous member resources that are available to a B Corp once they are allowed to form. You can find a full list of Certified B Corps at http://bcorporation.net . B Lab, the certifying body, helps to foster the community by holding events that bring B Corps together. Conversely, the B Corp is a certification, conferred upon a company that meets certain social and environmental sustainability standards. Certified B Corporations are social enterprises verified by B Lab, a nonprofit organization. Keep reading to learn how B Corps are making a difference while remaking the typical business mold. B Impact Score distribution of participating companies B Lab is a non-profit organization dedicated to using the power of business as a force for good. or Certified Benefit Corps., are for-profit companies that have met a high standard of overall social and environmental performance according to the nonprofit B Lab. B Corporation Australia & New Zealand B Corp is a certification. An example that was raised during the session was how Unilever, with wholly owned B Corp subsidiaries, like Ben & Jerry’s, under its portfolio, can leverage on them to set the standards as one of the leaders in their field driving sustainability and contributing to the B Corp movement. The B-Corporation is an actual legal entity recognized by the Secretary of State and formed upon the filing of required paperwork, like the Articles of Incorporation. A C corporation may change to a B corporation merely by stating in its approved corporate bylaws that it is a benefit corporation; however in certain jurisdictions (especially Delaware), the terms "public benefit corporation" or "PBC" are also required to be in the legal name of B corporations. We also hear a lot of confusion about the difference between a “B Corp” and a “benefit corporation.”. B Lab believes that the B Impact Assessment is the best available standard for benefit corporations. 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