SPCs One Year Later: A Data Analysis on the Relative Success of the SPC

The following blog post was originally published over at Apex Law on August 9, 2013.  Basically, the post reviews the number of SPCs established since the law went into effect in Washington, and offers some commentary on why the new corporate form has been relatively successful.   If you think that there are other reasons why SPC, or benefit corporations in …

Meet Community Sourced Capital, SPC

We’re launching a place on our site where we can meet Washington’s Social Purpose Corporations up close and personal, learn about their declared social purpose and explore how purposeful values make good business sense.   We’re starting off with our friends at Community Sourced Capital, SPC one of Washington’s earliest SPCs. Dive in and learn more about how this great local business …

Greyston Bakery: Tasty & Transparent

Greyston Bakery, a long-standing model of social enterprise based in New York, published their first annual Benefit Corporation Report, a worthwhile read. They’ve been in business since 1982 and in those thirty years have grown into a corporation generating over $10 million in revenue, funding their strong social service programs, developing

One year of SPCs done & dusted. And now…

The Hub Seattle hosted a party and meetup to celebrate one year of social purpose corporations in Washington state and to toast the 46 businesses that have incorporated as SPCs–about to be 47. Great to see everyone from attorneys and investment professionals to brilliant small business owners talking about what SPCs are and what they can be. We’re excited to see …

In Depth Insight on SPCs

Peter Smith of Apex Law Group has prepared an in-depth document providing insight into the national “social hybrid” corporate structure movement, details on why Washington State adopted the SPC and the requirements for forming a social purpose corporation in Washington. This was initially prepared for new business lawyers attending the Washington Bar Association’s 2013 New Lawyer Education Summit and has been …

Casting A Wide Net for Best Practices

Terry Gardiner, a Seattle-based entrepreneur, is focused on finding creative solutions for human progress mixing the best features of the private and public sectors. He has been developing the Best Practices Wiki, a trustworthy source for best practice articles and resources for any industry on nearly any topic. This is a valuable resource for any  SPC or other business wanting to …

NBIS white paper on impact-driven companies

One of our excellent Seattle-based organizations focused on sustainable strategy—NBIS or the Network for Business Innovation and Sustainability—recently wrote an in-depth white paper on what is ahead for impact-driven companies.

Reporting and Transparency for SPCs

Say it loud and proud… because you have to.   Washington’s Social Purpose Corporation provides business the legal means to go beyond maximizing shareholder profit. Shareholder interest and activism can now be addressed and integrated into the business model. A crucial part of the SPC is that a social purpose report must be made accessible to the public at no charge on the corporate …

Got social purpose?

Then put your social purpose to work!   Are you a mission-driven business wanting to make your values a legal part of what you do every day? Are you about to launch a new business and want to ensure your values are deep into every part of what you say and do? Social purpose corporations allow you to create a legal …