Pursuing Profit and Purpose: The Debate in California's Statehouse and What...
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Pursuing Profit and Purpose: The Debate in California's Statehouse and What it Means for Us
California has been a pioneer of innovation on many fronts - industry, media, science, and technology. Today our statehouse is considering two bills that could significantly enhance California's ability to innovate in the social enterprise sector.
In the State Assembly and State Senate, new legal forms are
being considered for corporations -- the Benefit Corporation and the
Flexible Purpose Corporation. Both seek to make it easier for
entrepreneurs to pursue both purpose and profit under one roof.
Why do we need such legislation? What are the differences between
the two bills? Will new laws make it easier for entrepreneurs to find
start-up capital? What are the prospective advantages and potential
perils for investors? Should for-profit social businesses benefit from
preferential treatment similar to the incentives available to non-profit
organizations?
In partnership with the Impact Economy Initiative of the Aspen
Institute, Omidyar Network is proud to host a conversation with leading
voices in this conversation. Panelists will share insights on the
legislation as well as explore implications for impact investors, social
entrepreneurs, and philanthropists. This will be a hands-on discussion
designed to frame the issues in a practical manner that will be useful
to all.
Moderator:

The HUB, San Francisco
Reception at 6:30 pm