2016 House Bill 5713

Authorize business “benefit corporations”

Introduced in the House

May 31, 2016

Introduced by Rep. Joseph Graves (R-51)

To authorize the incorporation of a new type of business organization called a “benefit corporation” that is explicitly authorized to perform service and money-disbursing actions typical of non-profit charities in addition to profit-seeking business operations. The bill is part of a package comprised of House Bill 5710 to 5713, and establishes charitable activity reporting requirements.

Referred to the Committee on Commerce and Trade