Business Pitch Dictionary by pitch.dog
Company forms & group structures · Working

Benefit corporation

Also called: public benefit corporation, PBC

ELI5

A statutory company form requiring consideration of specified public-benefit purposes alongside profit.

Used in conversation

“Compare benefit corporation with the same cohort and period before drawing a conclusion.”

Pitch context

You will see “Benefit corporation” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches company forms & group structures.

Why it matters: In company forms & group structures, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.