On the heels of recent notable examples of companies converting to or going public as public benefit corporations (“PBC”), with more presumably forthcoming, “Converting to a Delaware Public Benefit Corporation: Lessons from Experience” from Wilson Sonsini recaps how a PBC differs from the traditional form of corporation, conversion process requirements and considerations, and practical considerations, including the absence of relevant case law.
See our prior reports: “Public Company Converts to Public Benefit Corporation” and “Public Benefit Corporations Go Public” and additional resources on our Public Benefit Corporations page. This post first appeared in the weekly Society Alert!