What social value is your business creating?

What type of social value or environmental value is your business creating? Most for-purpose businesses and social enterprises are driven by one value theme. The meaningful, powerful, driving social or environmental value exists primarily in • the thing (product or service) that you do or make, • the way you do it (being different from the typical[…]

First Things First: Before “what business filing option should I choose?”

We get this question a lot. A related question is, “Should we change our filing from [whatever it is now] to a Benefit Corporation or a Benefit LLC?” And while these are important choices to make, usually people ask it before they are ready for the answer. My advice always is to first really work[…]

Mission or money: what is primary?

Social Entrepreneur Guest Post By John Herron How many psychiatric social workers do you know who have run a successful business? How many entrepreneurs do you know whose businesses are structured to be able to employ a workforce of individuals in recovery from mental illness and/or substance abuse disorders? How many instructors at elite universities[…]

Activitely Ambivalent About the L3C

I was invited to testify in support of the L3C (Low Profit, Limited Liability Company) at hearings in Maryland this Spring. And the challenge is that I am…how else to say it…”actively ambivalent.” The L3C  is a state-level filing option for social enterprise companies that is gaining traction across the country. Recognized in at least[…]