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New York State Offers Guidance for Formation of Benefit Corporations
Practical Law Legal Update 9-593-2247 (Approx. 3 pages)
New York State Offers Guidance for Formation of Benefit Corporations
by Practical Law Corporate & Securities
| Published on 18 Dec 2014 • New York |
New York's Division of Corporations website provides guidance on the formation of benefit corporations.
The New York State Division of Corporations has published guidance on its website for the formation of benefit corporations in New York. The guidance includes:
- A description of the applicable law permitting the formation of benefit corporations in New York.
- The steps required to form a benefit corporation.
- Links to both the online filing form of the certificate of incorporation and a sample form of a paper certificate of incorporation.
The guidance also offers information on:
- Conversion from an existing business corporation into a benefit corporation.
- Termination of benefit corporation status.
- Benefit corporation stock certificates.
- Filing annual benefit reports.
For the formation of Delaware benefit corporations, the Delaware Division of Corporations website provides a standard certificate of incorporation of a public benefit corporation with filing instructions.