Many employees enjoy working for employers who “do good” in the world. Making money is important, but not always the sole mission of the employer. A large number of companies and their employees are involved in charities and volunteerism. However, a rising number of employers are making a profit while also focusing on societal and environmental concerns. This is a growing trend around the country that has attracted investment by socially-minded entrepreneurs and investors who wish to “do well while doing good.”
In 2014, Florida joined several other states in passing legislation which permits two new types of corporations: “Social Purpose Corporations” and “Benefit Corporations.” Each is permitted to engage in significant societal benefit programs that may not involve or satisfy the traditional corporate goal of maximizing shareholder value. Both, however, are for-profit corporations formed under the Florida Business Corporation Act.