benefit corporations

6:00 am
Thu November 21, 2013

Bill Allowing for 'Benefit Corporations' Filed in Kentucky General Assembly

Credit File photo

A bill has been pre-filled in the Kentucky legislature that would permit the founding of “benefit corporations.”

State  Rep. Kelly Flood, a Democrat from Lexington, said she is pushing the legislation to address shortcomings in modern-day capitalism. Conventional wisdom dictates that non-profits do the most good without making any money, and for-profit corporations make the most money without caring about what’s right or what’s wrong.

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