Limited Liability Companies
Limited Liability Companies and Commons Capitalism While not-for-profit organizations are traditionally structured as corporations, some states permit the formation of not-for-profit limited liability companies (LLCs). These states include California, Kentucky, Minnesota, North Dakota, Tennessee, and Texas. However, the rights granted to organizers, members, and stakeholders vary by state. LLCs may be preferable in structure because […]
Public Benefit Corporations
Public Benefit Corporations The purpose and management of public benefit corporations (PBCs) align closely with those of a CCE. I will explore PBCs in greater detail once I expand the website on commons capitalism and CCEs. PBCs generally offer directors greater protection from stakeholders while promoting transparency, accountability, and sustainable business practices. Given these characteristics, […]