Category Archives: Social Purpose Corporations

Crowdfunding Meets Quantified Self?

Crowdfunding is clearly one of the most important developments affecting startups in the last twenty years. It really comes down to three things: (i) you can validate a market quickly, before raising money and incurring significant capital expenditures, (ii) you … Continue reading

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Does An SPC Have to Give Money To Charity?

I had a prospective client call me the other day. She was thinking that in order to be a Social Purpose Corporation the corporation would have to pay a certain amount of money to charity each year. There is no … Continue reading

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Taxation of Social Purpose Corporations

Question: I received the following question from a CPA friend the other day: “I have a client that recently formed a Washington social purpose corporation. Do you have a sense of how SPCs are characterized for federal income tax purposes?” … Continue reading

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Social Purpose Corporations: Reports

If you are a social purpose corporation, don’t forget about your annual social purpose report.  Under RCW 23B.25.150, social purpose corporations have to file a report annually, reporting on how they are doing. The Social Purpose Corporation Statute, RCW 23B.25.150 (the … Continue reading

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How To Form A Washington Social Purpose Corporation

By now you have probably heard or read about Washington social purpose corporations (see, for example, my article in GeekWire: http://www.geekwire.com/2012/big-positives-washingtons-social-purpose-corporations/). And now you might be wondering how to actually form a Washington social purpose corporation. The purpose of this … Continue reading

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