Becoming a benefit corporation won’t save you taxes. However, this new class of corporation may help you make more sales as you hold yourself accountable to your socially-conscious mission statements. You don’t have to be a charitable entity to get some love from your customers. They may appreciate your more official efforts to make the world a better place while still making a profit. Check out this video for a quick summary and for more information visit http://www.markjkohler.com.
Mark J. Kohler, a certified public accountant in Irvine, Calif., is a partner in the accounting firm Kohler & Eyre, and the law firm Kyler, Kohler, Ostermiller, & Sorensen LLP, specializing in business, estate and tax. He is the author of What Your CPA Isn't Telling You from Entrepreneur Press.