Public Benefit Corporations can now be formed in Delaware as of August 1, 2013. To form this type of corporation, certain requirements must be fulfilled. The entity must be formed with the purpose of providing one or more specified public benefits, which must be stated in the Articles. The entity must also be include in its name the worlds “public benefit corporation”, “P.B.C.”, or “PBC” which shall be considered the corporate ending. To view Senate Bill 47, click on the link below.
http://legis.delaware.gov/LIS/LIS147.nsf/vwLegislation/SB+47?Opendocument
Delaware – Benefit Corporations Accepted for Filing