LLCs Legal Requirement Webinar

Becoming a B Corp is not just about achieving a certification or seal of approval; it’s about joining a community of other businesses dedicated to the same vision and goal. The path to Certification illuminates areas of positive impact and surfaces aspects where more work is needed. That work is not only found in the standards of the B Impact Assessment but is also a critical part of the legal requirement: ensuring all your stakeholders are considered in your business decision-making process, and that commitment is enshrined in your corporate DNA.
While every company must fulfill this requirement, for companies that employ fewer than 50 full time employees, this step needs to be completed prior to Certification. This webinar provides an opportunity to learn about the reasoning and process behind this important and necessary step for LLCs.
After watching this webinar, you will understand:
- The basic requirements for B Corp Certification.
- The purpose of the legal requirement for Certification.
- The process and resources available to help your business adopt this form of stakeholder governance.
- The experience of a B Corp that has gone through this process and the benefits from doing so.
RESOURCES
- Webinar Slide Deck: drive.google.com/file/d/1wfRA...
- Webinar Q&A Responses: docs.google.com/document/d/1P...
- Legal Requirement Tool: www.bcorporation.net/en-us/ab...
- Legal Requirement One Pager: pardot.bcorporation.net/BCorp...
- Board Playbook: The Case and Process for Adopting Benefit Governance as a Requirement for B Corp Certification: pardot.bcorporation.net/Board...
Audio Transcript available here: us06web.zoom.us/rec/play/OvG1...
0:00 Welcome, Purpose, Introductions
04:00 Legal Requirement History + Purpose
09:24 Steps in the Legal Process
10:39 Certificate vs Agreement
12:11 Review Operating Agreement
15:04 Required Purpose Clause
17:16 Required Directors Clause
24:30 Getting Approval
26:35 Benefit LLC Option
28:53 Current B Corp’s Experience: East Fork Pottery
37:12 Q&A

[@gardenmind4515]

This was very useful. Thank you.

[@baileyraetz7109]

Hi