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Legislative Update

Benefit corporation

April 2, 2015 Filed Under: Civil

The Senate Civil Law Committee heard HB 1015, sponsored by Sens. Merritt, Head and Broden, allowing a business entity to incorporate as a benefit corporation under Indiana law. A benefit corporation allows a company to make a profit while protecting non-profit like objectives, to promote “social entrepreneurship.” The bill passed 6-0.
Read the bill at http://iga.in.gov/legislative/2015/bills/house/1015.

Filed Under: Civil

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