Which of the following best describes a benefit corporation?

A benefit corporation is best described as a for-profit corporation that integrates social and environmental goals into its business model. This type of corporation seeks to create a positive impact on society while also generating profits, distinguishing it from traditional for-profit entities that primarily focus on maximizing shareholder returns.

Benefit corporations are legally required to consider the impact of their decisions on various stakeholders, including workers, community, and the environment, along with their shareholders. By adopting this dual-purpose approach, they emphasize accountability and transparency in their operations and performance.

This distinction plays a critical role in guiding business practices, as benefit corporations are not purely focused on profit; they also strive to fulfill broader missions, promoting a sustainable and ethical business landscape.