--- title: Are “B Corps” the Future of Business? description: Business owners that want non-economic benefits as part of their corporate governance and structure may find the B Corp an attractive alternative to the traditional C Corp, S Corp or LLC. --- [![MansourGavinLPA](https://blog.mansourgavin.com/hs-fs/hubfs/MansourGavinLPA%20-Jan2018/Images/mg-logo.png?width=325&height=33&name=mg-logo.png "MansourGavinLPA")](http://mansourgavin.com/) - [ABOUT US](http://mansourgavin.com/about-us/) - [PROFESSIONALS](http://mansourgavin.com/professionals/) - [PRACTICE AREAS](http://mansourgavin.com/practice-areas/) - [BLOG](https://blog.mansourgavin.com) - [NEWS & EVENTS](http://mansourgavin.com/news-and-events/) - [CONTACT US](http://mansourgavin.com/contact-us/) - [ABOUT US](http://mansourgavin.com/about-us/) - [PROFESSIONALS](http://mansourgavin.com/professionals/) - [PRACTICE AREAS](http://mansourgavin.com/practice-areas/) - [BLOG](https://blog.mansourgavin.com) - [NEWS & EVENTS](http://mansourgavin.com/news-and-events/) - [CONTACT US](http://mansourgavin.com/contact-us/) # Blog # Are “B Corps” the Future of Business? [Corporate and Business](https://blog.mansourgavin.com/tag/corporate-and-business) November 20, 2015 | 09: 31 AM By [Brendon Friesen](http://mansourgavin.com/people/brendon-p-friesen/) ### A majority of states believe that may be the case. A Benefit Corporation or a “B Corp” is a “triple bottom line” company. Those familiar with B Corps refer to the triple bottom line as the three Ps: People, Planet and Profit. Unlike other corporate forms, where directors operate to maximize profits for its shareholders, B Corps must operate to maximize profits, as well as devote company funds and resources towards other environmental and societal beneficial purposes. Business owners that want those specific non-economic benefits as part of their corporate governance and structure may find the B Corp an attractive alternative to the traditional C Corp, S Corp or LLC. Companies such as Patagonia, Ben & Jerry’s, Method Products, Plum Organics and Klean Kanteen organized as Benefit Corporations and continue to support the expansion of the corporate structure. Ohio does not have a B Corp statute, but legislation is currently in the works. On November 13, 2015, Brendon Friesen attended the Ohio State Bar Association (OSBA) hearing before the council of delegates to discuss Benefit Corporations and the OSBA proposed amendments to Chapter 17 of the Ohio Revised Code that would permit the formation of B Corps. The proposal will now go to the Ohio legislature as an OSBA sponsored bill. For more information on Benefit Corporations, please contact Mansour Gavin LPA’s [Corporate and Business Services Group](http://mansourgavin.com/practice-area/corporate-and-business-services/). LEGAL DISCLAIMER The information contained on this web site and any linked resource is intended to provide general information and does not constitute legal advice. The content is not guaranteed to be correct, complete, or up-to-date. This web site is not intended to create an attorney-client relationship between you and Mansour Gavin LPA or any of its associates, and you should not act or rely on any information in this web site without seeking the advice of an attorney. - [Tweet](https://twitter.com/share) ### Subscribe to Email Updates ### Related Articles #### [Federal District Court Ruling Declares Corporate Transparency Act Unconstitutional](https://blog.mansourgavin.com/recent-federal-district-court-ruling-declares-corporate-transparency-act-unconstitutional) [Corporate and Business](https://blog.mansourgavin.com/tag/corporate-and-business) March 26, 2024 | 07: 50 AM The U.S. Treasury’s Financial Crimes enforcement network (FinCEN) proposed the Corporate Transparency Act (CTA) in 2021 as part of the National Defense Authorization Act, aimed to combat money [\[… read more\]](https://blog.mansourgavin.com/recent-federal-district-court-ruling-declares-corporate-transparency-act-unconstitutional) #### [How Will Ohio’s Adult Use Marijuana Legalization Impact Your Business?](https://blog.mansourgavin.com/how-will-ohios-adult-use-marijuana-legalization-impact-your-business) [Corporate and Business](https://blog.mansourgavin.com/tag/corporate-and-business) December 01, 2023 | 09: 22 AM On November 7, 2023, Ohio voters approved the initiated statute Ohio Rev. 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