Public benefit corporations must balance profit with environmental and social benefits. They legally protect decisions that favor long-term social impact. A public benefit corporation structure ...

*This article was updated on March 20, 2025. Section 1202 provides for a substantial exclusion of gain from federal income taxes when stockholders sell qualified small business stock (QSBS).[1] But a ...

Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for complexity. In 2025, blended approaches are becoming common, such as forming ...

(Bloomberg) -- After months of back-and-forth with regulators and stakeholders, OpenAI said it has completed the process of restructuring as a more traditional, for-profit company – a key step in its ...

OpenAI has converted into a public benefit corporation. Delaware’s attorney general approved the restructuring plan. Microsoft gains a 27% stake in OpenAI’s new for-profit arm. A new OpenAI Foundation ...