Business Structure Provides Protection From Investor Lawsuits – Asset Protection

A brownie supplier to Ben & Jerry’s ice cream, a skateboard maker and a payday lender are among the hundreds of existing businesses that plan to incorporate as “benefit corporations” in coming months.

They will be taking advantage of a new and untested corporate charter, available in only a half dozen states, allowing a company’s governing board to consider social or environment objectives ahead of profits. The legal structure is intended to shield the board from investor lawsuits.

See the whole story in the Wall Street Journal here: http://online.wsj.com/article/SB10001424052970203735304577168591470161630.html

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