Glossary • Updated 2026
Benefit / Public Benefit Corporation
For-profit corporation with a stated public benefit purpose and stakeholder duties.
In detail
Delaware PBCs balance shareholder and stakeholder interests by charter.
Does not confer tax exemption: that requires 501(c) nonprofit status.
Some impact investors prefer PBC charters; most VCs still use standard C-corps.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries