House Bill 685 (Chapter 2014-209) signed by the governor June 20 and effective July 1 authorizes the creation of social purpose corporations and benefit corporations. The bill also some changes regarding entity name distinguishability. Some differences are not considered a distinguishing factor when determining if the name of a business entity is distinguishable from the names of all other entities or filings on the records of the Department of State. The bill text and analysis can be accessed at the Florida House of Representatives website.
Florida – Social Purpose and Benefit Corporations