Included in the Certificate of Incorporation a statement must be made which indicates that a public benefit corporation shall be managed in a manner that balances the stockholders' pecuniary interests, the best interests of those materially affected by the corporation's conduct, and the public benefit or public benefits.
The Certificate of Incorporation for a Public Benefit Corporation will Include and:
Identify within its statement of business or purpose pursuant to § 102(a)(3) of this title 1 or more specific public benefits to be promoted by the corporation; and
State within its heading that it is a public benefit corporation which means a positive effect (or reduction of negative effects) on one or more categories of persons, entities, communities or interests (other than stockholders in their capacities as stockholders) including, but not limited to, effects of an artistic, charitable, cultural, economic, educational, environmental, literary, medical, religious, scientific or technological nature.
The title should include PBC or P.B.C. to identify the entity as a Public Benefits corporation.
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For more information with reference to this new entity either email us at tax@delawarecorp.net or call our office for a free consultation at 800-219-9359.
