Public Benefit Corporation (PBC)

A Delaware public benefit corporation (PBC) is a for-profit corporation intended to produce a public benefit and operate in a responsible and sustainable manner. Unlike traditional corporations, a PBC must consider its public benefit purpose and interests of those materially affected by the corporation’s conduct in addition to stockholder value. Every two years a PBC must report to its stockholders on how it is pursuing its public benefit purpose and the best interests of those materially affected by the corporation’s conduct.

Some other states, such as California, refer to a certain class of non-profit organizations as “public benefit corporations”, which does not have the same qualified for-profit characteristics as Delaware’s public benefit corporation entity, described above.