By Erick Winterkamp Policymakers experience conflicting pressure concerning taxation. Corporations want taxation on competing products and industries, government officials often need more taxation to cover rising expenses, and the public would rather taxes be levied on anyone but themselves. Balancing these opposing factors, along with elected officials’ desire for reelection, results in a myriad … Continue reading Florida’s Tourism Development Tax
Reevaluating Benefit Corporations
Original post date: October 13, 2014 Article by: Dan Davy A previous blog discussed the potential for Florida’s recently passed Benefit Corporation (B-Corp) legislation to encourage social enterprise. Some consider the B Corp movement a “seismic sea change in the world of corporations.” However, whether this legal innovation will make a significant impact on social … Continue reading Reevaluating Benefit Corporations
B-Corps: A New Kind of Company
Original post date: September 23, 2014 Article by: Matt Kelly On July 20th, 2014, Rick Scott signed SB 654 into law, creating two new types of business entities. These benefit corporations or “B-Corps” are designed to encourage corporations to pursue charitable purposes, attempting to combine the strengths of both for-profits and nonprofits, while discarding each’s weaknesses. Such hybrid businesses could allow … Continue reading B-Corps: A New Kind of Company