benefit corporation

noun

US law

: a for-profit corporation whose purpose is to provide a benefit to society (as improving the environment or good health) in addition to making a profit for shareholders

called also B corporation

Examples of benefit corporation in a Sentence

Recent Examples on the Web

As a public benefit corporation, PayJoy funds loans through its Asset Fund, prioritizing customer well-being by providing crucial financial access beyond conventional banking. — Boaz Sobrado, Forbes.com, 24 July 2026

The modern corporation, the series LLC, and the public benefit corporation were each contested when introduced, then widely adopted. — John Nay, Fortune, 14 July 2026

The Preservation Trust leases to a public benefit corporation created by the state. — Jasmin Sanchez, New York Daily News, 9 June 2026

OpenAI has been working to transition its governance model into a public benefit corporation structure, a change aimed at easing capital access and enabling broader partnerships. — Neetika Walter, Interesting Engineering, 8 June 2026

Word History

First Known Use

2009, in the meaning defined above

Rhymes for benefit corporation

• americanization
• anticoagulation
• antidiscrimination
• bioaccumulation
• bioremediation
• compartmentalization
• contextualization
• copolymerization
• decriminalization
• dehumidification
• demilitarization
• demineralization

Legal Definition

benefit corporation

see also:

corporation