Tag Archives: Social Purpose Corporations

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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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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Commercial Coventures: Making a Difference while Making a Profit

By David Lawson Many entrepreneurs want to use their businesses to make a difference in their communities, but don’t necessarily want to start nonprofits or dedicate themselves only to charitable causes.  One of the most common tools entrepreneurs use to … Continue reading

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Social Purpose Corporations Explained

Are you concerned about how your company impacts society and the planet? As of June 7, 2012, a new form of business corporation – the social purpose corporation – is available in Washington that allows corporations to adopt charters that … Continue reading

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The Social Purpose Corporation

By John Reed and Ame Wellman Lewis With increasing frequency, companies are seeking to build social values into corporate identities. Starting June 7, 2012, Washington State will recognize “social purpose corporations,” a new form of for-profit corporation. While the primary … Continue reading

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