Last night Colorado became the fifteenth state to make the benefit corporation form available to entrepreneurs. Governor Hickenlooper signed the legislation in a bubbly ceremony at New Belgium Brewing Company. It goes into effect April 1, 2014. The law creates the “public benefit corporation” – a new kind of for-profit corporation, whose directors have a mandate [...]
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Our latest guest post arrives courtesy of two like-minded lawyers from across the pond, Anthony Murphy and Michael Vanaselja. Anthony is the founder and managing director of Prime Advocates, a UK-based firm that aims to apply their collective strategic, legal and business acumen toward advancing social impact businesses and impact investment transactions. Anthony brings over [...]
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The question of how impact-driven businesses approach exits continues to persist in our work. Paul Hudnut, friend of the firm, advisor at the Bohemian Foundation, professor of entrepreneurship and strategy at CSU’s Global Social & Sustainable Enterprise program, and author of the “What’s a BOPreneur?” blog, shares his thoughts on how one redemption scheme might [...]
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It is hard not to dream about new financial catalysts for social change while in the UK – the British are not afraid to lead in this area. Maybe London’s position at the center of the financial world for centuries has helped the UK to become a leader in innovative social finance. The first major [...]
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“In the 70s,” he tells me, “I moved to Saudi Arabia because that is where someone in the finance business could make money. I routinely did business with the Bin Laden family.” This was part of a conversation with a gentleman who is now investing in Africa, including investments in projects with a social objectives. [...]
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When I committed in early 2009 to focus my practice on the representation of “impact investors” and “social enterprises,” I also committed that I would spend time in the places in which I was seeking to have a positive impact. Since that time, I’ve travelled to India and Africa about a dozen times on trips [...]
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