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by kalvin
3228 days ago
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Wow, this is great. Props to the Clerky team. If this had existed in 2015 we would have used it, instead we paid a few thousand extra. For anyone starting a mission-driven company, there's not really any practical downside to incorporating as a PBC, though it's still relatively new and untested. It's much less effort than becoming a B Corp, which you can choose to do afterward. I see some confusion on terms-- PBC: legal corporate structure in 25+ states and growing, but still uncommon B Corp: a more widely known certification from B Lab You can be a PBC without being a B Corp but all B Corps need to become PBCs by a certain year iirc (We incorporated Nava PBC as the first, and I think only, government contractor that's also a PBC.) |
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