Delaware Public Benefit Corporation
A Delaware Public Benefit Corporation (PBC) is a for-profit institution that provides a charitable kind of benefit to the public or to the environment and must reflect this in their corporate charter.
- A PBC concentrates its efforts on areas of interest for the greater good.
- PBCs must balance their benefit to the public with the financial objectives of their shareholders who expect the company to make a profit, and return some of that money to them as dividends.
- Public-benefit corporations are generally governed by an internally appointed boards of directors.
- The difference between a traditional non-profit corporation and a Public Benefit Corporation is while both are corporations, and both aim to do good, the benefit corporation will make a profit at the end of the day, and the nonprofit will put any profit back into its cause.