Business, Law and Economics Channel
New Corporate Forms: Flexible Purpose Corporations, B Corps and L3Cs
Susan H. Mac Cormac, Morrison & Foerster
Description: This talk explores the positive and negative aspects of new corporate forms being tested in California and other states and explains how they differ from traditional corporations, LLCs and partnerships. Ms. Mac Cormac discusses whether a new form is even necessary and which model can best serve to promote environmental sustainability. She also describes limitations resulting from the California and Delaware Corporations Codes and case law beyond the marketing and PR interpretation dominating the press.
Sponsor: Berkeley Center for Law, Business and the Economy