Social Purpose Corporation

Protestors, Photo by cyrus gomez on Unsplash

A new type of corporate business model is established under the WBCA, the “social purpose
corporation.” A social purpose corporation, while subject to all provisions applicable to
other corporations, must be organized to promote a general social purpose that is intended to positively affect certain constituencies. These constituencies must include one or more of:

  • the corporation’s employees, suppliers, or customers;
  • the local, state, national, or world community; or
  • the environment.

In addition, a social purpose corporation may set forth specific social purposes for which the corporation is organized.

PEER Homes was founded to provide residential housing in a manner which benefits all three of the the above constituencies, specifically by sustainably addressing housing inequality faced by marginalized and vulnerable populations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: