Tuesday, January 22, 2013

New Legal Structures for 'Social Entrepreneurs'

You may have noticed the emerging class of ?social entrepreneurs? who are creating companies that seek profit but also are devoted to a social purpose, to create long term, sustainable value.

Social entrepreneurs believe a business can be a part of the solution to some of the world?s greatest challenges. It?s this kind of thinking that has given rise to such mission-driven companies asBetter World Books,?TOMS Shoes,?D-Light Design?and?Warby Parker, to name a few.

But, until recently, social entrepreneurs would find themselves in the position of choosing whether to organize either as a for-profit company or a nonprofit organization. The problem was that sometimes a company would be too much of a business to be a nonprofit. Yet, it also might be too mission-driven to be a for-profit.

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Source: http://queencityforward.org/2013/01/new-legal-structures-for-social-entrepreneurs/

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