This article was originally published on Oct. 11
The names of B Corp and a Benefit Corp are commonly confused. Rightly so since there are many similarities. And, many businesses are both. For a quick side-by-side comparison, take a peek here. The biggest difference is that a B Corp becomes certified by B Lab when they score 80 or higher by taking the B Impact Assessment. Whereas a Benefit Corp is self-reported to determine performance and is only available for corporations in 30 U.S. states and D.C.
You can learn more about the differences in this article from Conscious Company Media.
One of the bigger questions is why would you want to become either a B Corp or a Benefit Corp. Thanks to our fellow B Corp friends at Ridgeline Venture Law, they created an infographic so you can quickly learn more. If you still have questions, feel free to reach out to one of us at Scream Agency, firstname.lastname@example.org. We’d be happy to tell you what we know (and what we don’t know).