A Public Benefit Corporation, or “B-Corp” is a specific type of corporation that allows for a public benefit to be a charter purpose in addition to the corporate goal of maximizing profit for shareholders.
During the 2017 Kentucky General Assembly, Rep. Jerry Miller sponsored HB35, a KCC Strong Support bill, which passed during the session and was signed into law. The law came into effect on July 1, 2017.
Indiana and Tennessee have already passed B-Corp legislation, with Ohio expected to follow soon. To learn more about B-Corporations, go to bcorporation.net. To learn about which states have become B-Corporation states, go to http://benefitcorp.net/policymakers/state-by-state-status
Current Public Benefit Corporations in Kentucky as of January, 2018:
- Bullhorn Creative
- Facilities Management Services, Inc.
- Mackey Advisors
Resource Links on Public Benefit Corporations: