Corporations Mission-Driven Entrepreneurs Should Know About Part 1
If you’re a mission-driven entrepreneur doing business in California, here are two for-profit business entities you should know about. Other types of corporations include a cooperative corporation and a nonprofit corporation, which I will cover in future articles. Social Purpose Corporation A social purpose corporation is a for-profit corporation, but unlike a typical for-profit corporation, where the board of directors’ duty is to maximize shareholder profits, a social purpo