Kickstarter Public Benefit Corporation

Now the company is Kickstarter PBCa public benefit corporation meaning that positive value for society is. A lot has happened since.

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Delaware where Kickstarter will.

Kickstarter public benefit corporation. If Public Benefit Corporation is new to you not to worry. Public Benefit Corporation The designation is fairly new and has been signed into law by a number of states. The Brooklyn-based crowdfunding pioneer joins companies such as Etsy Warby Parker and other socially-minded firms in legally enshrining its social goals in its corporate charter so that they dont get overshadowed by profit motives.

Corporate law and certainly no mandate. Senate Bill 21 gives shareholders the flexibility to determine what if any public reporting would be required. Kickstarters mission is to help bring creative projects to life.

In 2015 we reincorporated as a Public Benefit Corporation. The crowdfunding platform called Kickstarter is now a public benefit corporation. To this end the company has spelled out a detailed list of values and commitments it promises to live by in its corporate charter.

Kickstarter has decided to become a public benefit corporation Benefit Corporations like L3Cs and other new not-just-for-profit entities allow a company. Kickstarter is the latest high-profile company to become a Public Benefit Corporation. Episode Two Considerations and advice for forming a public benefit corporation from one of the most successful benefit corporations in the world.

That means that Kickstarter has a new corporate charter that incorporates specific social and environmental goals in its otherwise for-profit mission and functions including these. Being a Public Benefit Corporation allows Kickstarter to stay focused on its mission. We became a Public Benefit Corporation to commit to our principles as much as our profits.

Read our 2018 Benefit Statement. Thats why we reincorporated Kickstarter as a Benefit Corporation in 2015. Kickstarter PBC2018 Benefit Statement.

Radically positive impact on society becomes part of a Benefit Corporations legally defined goals. Adam Mengler Fordham Law 19 interviews Chris Mitchell Fordham Law 00 General Counsel of Kickstartera Public Benefit Corporation and Certified B Corporationto discuss the benefits and challenges that come with forming a benefit corporation. Were thrilled to share this news and wed love to take a minute to tell you exactly what it means.

On September 21 Kickstarter Inc. Until recently the idea of a for-profit company pursuing social good at the expense of shareholder value had no clear protection under US. Kickstarter PBC exists to help bring creative projects to life.

Kickstarter is excited to join a growing list of forward-thinking organizations like. Kickstarter is an American public benefit corporation based in Brooklyn New York that maintains a global crowdfunding platform focused on creativity. To help bring creative projects to life.

We launched The Creative Independent to share resources and advice for all types of makers. The companys stated mission is. Kickstarter launched on April 28 2009.

As a Public Benefit Corporation we are for. Some state laws require each benefit corporation to produce an annual public benefit report prepared against a third-party standard that describes how and to what extent the corporation has accomplished its beneficial purpose. This is a Project Update on our first year as Kickstarter PBC.

PBCs are for-profit companies that are legally obligated to consider the impact of their decisions on society not just shareholders. We measure our success as a company by how well we achieve that mission not by the size of our profits. Pursuing Public Benefit By turning into a public benefit corporation Kickstarter is now required to demonstrate its contribution to public good and reflect the commitment in its corporate charter.

When Kickstarter became a PBC in 2015 we hardcoded our mission into our charter along with. This Benefit Statement summarizes how we did that in 2018. Kickstarter will be the first major tech company to adopt the status.

We invited the local community into our Brooklyn headquarters with the Creators-in-Residence program. Big news from this weekend. Since the public benefit corporation designation was established relatively recently few major companies have pursued it.

Were now Kickstarter PBC a Public Benefit Corporation. Kickstarter is famous for its mission to help bring creative projects to life and becoming a Public Benefit Corporation is intended to help them incorporate that goal into their legal framework. Its our mission and our North Star.

Among the most notable names are apparel company Patagonia ice cream giant Ben Jerrys and the baby food maker Plum Organics.

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