- Legal vs tax
- Still a corporation. Federal tax remains C-corp or S-corp. 'B Corp' is a private certification, not this statute.
- Liability
- Same corporate shield, plus expanded director duties toward the stated benefit.
- Default federal tax
- c corporation
- Other federal options
- s corporation
- Formation / maintenance
- Benefit-corp articles plus any state benefit report.
- Public-record notes
- Purpose language is usually on the public charter.
- Succession
- Same as other corporations, with benefit purpose surviving in the charter.
- Investor fit
- Some funds like it; others avoid the extra duty. Not a substitute for 501(c)(3).
Disqualifiers
- Need tax-exempt status — use a nonprofit + IRS exemption path instead
Professional review: attorney, cpa.
Related: c-corporationnonprofit-corporation