B - CORPORATION CERTIFICATION IN LA COUNTY 2017 SUSTAINABLE LAW - PowerPoint PPT Presentation

B - CORPORATION CERTIFICATION IN LA COUNTY 2017 SUSTAINABLE LAW GROUP P . C . WWW . SUSTAINABLE - LAWYER . COM

MEET TEAM SLG S u s t a i n a b l e L a w G r o u p , P . C . [ S L G ] r e p r e s e n t s c l i e n t s t h a t s e e k p o s i t i v e s o c i a l c h a n g e a n d s t r i v e t o m a i n t a i n t h e h i g h e s t e t h i c a l s t a n d a r d s . O u r c l i e n t s i n s p i r e u s t o h e l p t h e m b e c o m e t h e b e s t t h a t t h e y c a n b e . W e a r e a c e r t i f i e d B - C o r p o r a t i o n , 1 % f o r t h e P l a n e t M e m b e r , c e r t i f i e d g r e e n b u s i n e s s a n d s o c i a l e n t e r p r i s e w i t h L A C o u n t y .

BENEFIT CORPORATION VERSUS B - CORPORATION ++ A Benefit Corporation is a type of a legal entity like a LLC or traditional c-corporation. ++Becoming a B-Corporation is a certification process rather than a formal legal structure. Almost any business entity could be a B-Corp! B-Corp certification is for your company what organic certification is for your vegetables.

BENEFIT CORPORATION VERSUS B - CORPORATION Benefit B-Corporations Corporations Food Alliance Sole Certified Proprietorships ISO 26000 LLCs MultiCapital Scorecard

BENEFIT CORPORATION ++ Mandates directors & officers to consider non-financial interests in making company decisions. See Cal. Corp. Code Sec. 14601 et. seq. ++ Protects directors & officers from shareholder reprisal if non- financial interests are placed over financial ones. See Cal. Corp. Code Sec. 14601 et. seq. ++ Provides the opportunity to establish a general public benefit + optional specific public benefit. See Cal. Corp. Code Sec. 14601 et. seq. ++ Requires an annual benefit report on overall social and environmental performance using recognized third party standards (e.g. B-Corp). See Cal. Corp. Code Sec. 14601 et. seq.

B - CORPORATION CERTIFICATION 2,000+ 80+ PTs LIKES 1 2 3 4 Developing or Taking the Taking the B- Joining the B- Amending Interdependence Impact Corp Community Corporate Legal Oath + Fee Assessment Structure

B - I M P A C T A S S E S S M E N T Focus on your internal governance documents and ownership structure. G O V E R N A N C E Focus on employee benefits, ownership and work place flexibility. W O R K E R S Focus on community engagement through volunteer efforts, local employment opportunities and policy work. C O M M U N I T Y Focus on operational impact on the environment. E N V I R O N M E N T Focus on whether your company through its product or service provides a solution to some I M P A C T social or environmental problem. M O D E L

L E G A L I M P L I C A T I O N S C O R P O R A T I O N L L C O R S O L E ( S O R C ) P R O P R I E T O R ++ Amending bylaws to contain ++ Amending operating certain statutory language agreement to contain certain statutory language ++ Mandatory conversion to a benefit corporation ++ Biannual B-Corp Assessment ++ Biannual B-Corp Assessment

Keep good company .

BEING A B - CORPORATION IN LA

I N V E S T M E N T C L I M A T E + + T h e “ B ” d e s i g n a t i o n a t t r a c t s c a p i t a l . S o m e i n v e s t o r s a n d g r o u p s a r e e x p l i c i t l y p a r t i a l t o s o c i a l l y r e s p o n s i b l e b u s i n e s s e s , w i t h e v e r - g r e a t e r n u m b e r s o f i n v e s t o r s p u t t i n g m o n e y i n s u c h c o m p a n i e s ( e . g . L I F T E c o n o m y F u n d ) . + + A t t r a c t i n g i n v e s t o r s t h a t a r e i n t e r e s t e d i n t h e l o n g - t e r m s u c c e s s o f y o u r c o m p a n y a n d n o t a q u i c k t u r n a r o u n d . + + W i t h t h e i n f l u e n c e o f h o l l y w o o d , L A i s u n i q u e i n t h a t m a n y i n v e s t o r s w a n t t o i n v e s t i n a c o m p a n y t h a t h a s " a n a n g l e " . + + C a l i f o r n i a H a s M o r e B i l l i o n a i r e s T h a n E v e r y C o u n t r y E x c e p t T h e U . S . A n d C h i n a .

F O U R K E Y F A C T O R S + + P e r c e p t i o n G a p : M o s t i n v e s t o r s b e l i e v e i n s u s t a i n a b i l i t y ’ s f i n a n c i a l a d v a n t a g e s . + + M i l l e n i a l M o v e m e n t : T h e N e x t G e n e r a t i o n c a n d r i v e d e m a n d . + + W o m e n L e a d i n g t h e W a y : F e m a l e i n v e s t o r s o v e r w h e l m i n g l y s u p p o r t s u s t a i n a b i l i t y . + + B r i g h t F u t u r e : S u s t a i n a b l e i n v e s t i n g h a s c l i m b e d s h a r p l y a n d i s g a i n i n g m o m e n t u m .

LA COUNTY SOCIAL ENTERPRISE CERTIFICATION ++ 15% price reduction on applicable County solicitations. ++ Visibility on County exclusive bidding database. ++ Access to specific federal funding received by the County. ++ It's free!

" IF LOS ANGELES COUNTY WERE A NATION , ITS ECONOMY WOULD BE THE 19TH LARGEST IN THE WORLD . IT IS HOME TO MORE THAN 244 , 000 BUSINESSES , WITH MORE MINORITY - AND WOMEN - OWNED BUSINESSES THAN ANY OTHER IN THE NATION . IT IS THE NATION ' S TOP INTERNATIONAL TRADE CENTER AND MANUFACTURING CENTER . LOS ANGELES COUNTY ' S 37 DEPARTMENTS AND $ 24 . 2 BILLION BUDGET PROVIDE EXTENSIVE BUSINESS OPPORTUNITIES TO THE PRIVATE SECTOR , BOTH IN CONTRACTS FOR GOODS AND SERVICES ."

Procurement Contract Example 15% Bid Reductions SE Bid of Non-SE Bid makes the Bid $10K of $9K $8.5 K ++ Certified Social Enterprise bids on widgets contract for $10,000 with the County. ++ Non-certified company bids on widgets contracts for $9,000 with the County. ++ Certified Social Enterprise wins bid even though it's charging 10% more than the non-certified company.

ADDITIONAL BENEFITS ++ California represents 10% of all the B-Corps worldwide. ++ Marketing & Branding Purposes (developing network and strategic business partnerships available within the B “corporate tribe"). ++ Internal Operational Best Practices.

B - LOCAL LA MEMBERSHIP ++ Educational local chapter of B-Corps. ++ Direct link to B-Lab's national team. ++ Learn about recent developments in the industry. ++ Engagement opportunity with other B-Corps.

ADDITIONAL ORGANIZATIONAL SUPPORT ++ Social Enterprise Alliance - LA ++ Conscious Capitalism - LA ++ Net Impact - LA ++ Sustainable Business Council of LA

THANK YOU WWW . SUSTAINABLE - LAWYER . COM