Pennsylvania business corporations can now voluntarily register as a Benefit Corporation. This entity type is for corporations whose purpose is directed toward one or more public benefits. Benefit corporations give both entrepreneurs and investors the opportunity to create and invest
Pennsylvania – Formation of Benefit Corporation
Signed by the Governor Oct 24 and effective Jan 24 2013 House Bill 1616 (Act No. 2012-152) allows for the formation of benefit corporation and election of existing business corporations to become benefit corporations which have a purpose to benefit