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Posts Tagged ‘Massachusetts Microst’

Connecticut’s First Benefit Corporation Versus Non Profit Corporation

In early October, Connecticut innovator Christopher Brechlin revealed that he would convert his Willimantic civic startup, Blueprint for a Dream, into one of Connecticut's first benefit corporations. While as many as 26 other states are working to adopt benefit corporation laws, Connecticut is well ahead of the pack. Unlike nonprofits, benefit corporations may not accept donations or tax exemptions like a normal nonprofit would do, but they are able to market as organizations that "do good" and are legally protected from shareholder lawsuits, freeing them from the pressure shareholders often place on corporations to put profit ahead of everything, even progress.

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