openPR Logo
Press release

How to Become a Maryland Benefit Corporation: New Guide for Social Entrepreneurs in Maryland

11-23-2010 01:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ChangeMatters

How to Become a Maryland Benefit Corporation: New Guide

"Becoming a Benefit Corporation in Maryland", developed by Ascensus Law Group and ChangeMatters, is a new guide to Maryland's recent social enterprise law.

This resource provides expert analysis on key provisions of the new Benefit Corporation law, including type of public benefit recognized; obligations of and protections for leadership; and reporting requirements.

"Benefit Corporations are a unique designation under Maryland's new law," says Jon Widrick, co-founder of Ascensus Law Group. "This designation will now allow social ventures formed for social and environmental benefit to receive official recognition for their commitment to a triple bottom line of 'people, planet, and profit'"

The advisory also includes a practical overview of how small businesses and nonprofits can become elect to become Benefit Corporations.

"Maryland's new law is the first of its kind in the United States," according to Amy Kincaid, founder of ChangeMatters. "The enthusiasm among small businesses, nonprofits, and entrepreneurs represents the promise of sustainable social enterprise in Maryland, and demonstrates the value of this emerging sector to meet community needs around the country."

"Becoming a Benefit Corporation" is currently available online for purchase as a PDF download: ...

About Jon Widrick / Ascensus Law Group

Jon Widrick is a founding partner in Ascensus Law Group. He represents green, sustainable, and social enterprises throughout the Washington DC region in all aspects of business law. Jon has served as primary corporate counsel to companies ranging from information technology to utilities. His legal experience also extends to tax-exempt organizations, including international nonprofits and local charities.

About Amy Kincaid, ChangeMatters

Amy Kincaid is founder and principal of ChangeMatters, a consultancy for social purpose ventures and cultural entrepreneurs concerned with the greater creative economy and wellness of their communities. As a director, consultant, and trainer, she has guided nonprofit and for-profit organizations in the US and abroad through startup, turnaround, and major growth activities. With a particular record of service to overlooked market segments and underserved populations.

ChangeMatters provides strategic business consulting for social purpose ventures and cultural entrepreneurs concerned with the greater creative economy and wellness of their communities.

417 Boston Ave.
Takoma Park, MD 20912

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release How to Become a Maryland Benefit Corporation: New Guide for Social Entrepreneurs in Maryland here

News-ID: 152655 • Views: 805

More Releases for Benefit

Guyson’s Customers Benefit from Showroom Update
Leading industrial finishing equipment manufacturer Guyson International has recently updated the showroom facilities at its manufacturing site in Skipton, North Yorkshire to better reflect the extensive range of manual blast cabinets it sells and to now showcase its Additive Manufacturing component finishing expertise with the stand backdrop used at the last TCT show also on display. Customers visiting the company’s vast showroom can be walked through the range of standard Formula
Does Paralympic sport benefit the right athletes?
Paralympic sport has come a long way from its humble beginnings at the Stoke Mandeville spinal cord injury unit in England just after the Second World War. This small sporting event, which at the time used competition between those with similar injuries to assist the rehabilitation of wheelchair users, is now a worldwide phenomenon. The movement now boasts a 4 yearly event working in conjunction, and very much
Security Benefit Partners With fi360
New Relationship To Provide Powerful Tools For Independent 401(k) Advisors Topeka, Kansas, April 23, 2012 - Security Benefit Corporation, a leading provider of retirement savings and income vehicles throughout the nation, today announced it has formed a partnership with fi360, the premier organization for fiduciary education, investment analytics, support services, and industry insights for financial professionals. With the relationship, advisors and plan sponsors will have no-cost access to fi360’s highly regarded fi360
ProcessPro Staff Promotions Benefit Clients
St. Cloud, Minn., July 22, 2011 -- ProcessPro, developers of ProcessPro® Premier ERP software, is excited to announce the promotion of two outstanding employees. As part of ProcessPro’s initiative to exceed client satisfaction expectations, these changes will be beneficial to current and future clients. Rick A. Lenarz will be moving from Client Account Manager to Implementation Analyst. Rick’s career growth at ProcessPro and experiences prior to coming to ProcessPro
Absolute Benefit in Security Films
Atlanta, Georgia – October 1, 2010 - Product demonstration proves that Security Film, also known as Safety Film can deter smash and grabs, vandalism, and graffiti while providing safety from flying and falling glass in the event of an accident or sever weather. • Increased Safety- Safety and security films provide a clear barrier of protection that helps to hold glass in place when it shatters due to breakage from an accident,
Pasadena Children’s Charity’s Benefit Takes Gold at Annual Benefit
(PASADENA, CA)— Hillsides, a foster care children’s charity, takes gold at its annual gala, netting $375,000 for programs and services to benefit vulnerable children and their families. With an All-Star Honorary Committee bringing golden accolades to “The Midas Touch,” the children’s charity’s anticipated annual benefit reached the gold standard, again. Honorary committee included Chairman and Emcee Fritz Coleman of NBC, Elizabeth Rusnak Arizmendi, Peter Arkley, Frank and Penny Burkard, Rosemary Casey