Season Two: Episode Six – Examining for-profits and non-profits, benefit corporations, the B Lab certification process, philanthropy LLCs, and impact investing.
Episode Description: Bernice Grant, Senior Director of the Entrepreneurial Law Program at Fordham University School of Law joins with Professor Dana Brakman Reiser, Professor of Law at Brooklyn Law School, Visiting Professor of Law at Fordham School of Law and author of Social Enterprise Law: Trust, Public Benefit, and Capital Markets, to discuss social enterprise law.
- [:30] Bernice Grant welcomes Professor Reiser and introduces her new book.
- [4:47] The legal difference between for-profit and non-profit companies.
- [6:53] An overview of a benefit corporation and the responsibilities of their directors.
- [13:14] Well known benefit corporations and what they all have in common.
- [14:39] Adopting hybrid form business models and prioritizing the mission-protected hybrid business model.
- [20:23] Advantages of using a for-profit LLC business model for philanthropic efforts.
- [26:25] Impact investing and how it is closing the gap to capital for social benefit entrepreneurs.
- [29:05] Defining the differences between benefit corporations and obtaining certification from B Labs.
- [31:30] Nurturing an entrepreneurial spirit and great book recommendations.
Mentioned in This Episode:
- Dana Brakman Reiser
- Social Enterprise Law: Trust, Public Benefit, and Capital Markets by Dana Brakman Reiser and Steven A. Dean
- Just Giving: Why Philanthropy is Failing Democracy and How It Can Do Better by Rob Reich
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Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City.