New Hybrid Business Entities Combine Business, Social Missions
Reprinted with permission from the Puget Sound Business Journal
Social entrepreneurs face the unique challenge of how to maximize profits for shareholders while carrying through on their company’s social mission. How can passion and purpose successfully balance with the need for profitability?
In this article, Davis Wright Tremaine partner LaVerne Woods discusses the emergence of ”social purpose corporations” and other hybrid business entities that provide greater flexibility for social entrepreneurs and boards.