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🗞️ Newsletter 01 - Intro + Jobs
Doing Better Newsletter 01 - Intro + Jobs
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Doing Better Newsletter 01 - Intro + Jobs

News + Jobs for B Corps, Benefit Corporations, & more delivered to your inbox
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Jamil Sweis
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Doing 🅱️etter 🗞️

Welcome to the first newsletter focused on for-profit companies missioned with improving society for the better.
What’s in each newsletter? (click the arrow to expand)
⁠
Highlight one interesting topic in this space 🧠
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⁠
⁠
Spotlight one company that is hiring 📈
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⁠
And link out to a few of the others 🙏
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If you're curious about this space, or looking to work in it, keep reading...

⚖️ Nonprofit or For-Profit?

In the simplest terms, you’d want to structure your legal entity based on where you expect your revenue to come from (yes, non-profits still need income to cover operating expenses).

🕊️
Non-Profit, or 501(c)(3)
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⁠

If a majority of the revenue you generate will come from grants or donations, then structuring your company as a non-profit is the best route for tax and legal protection.

💯
For-Profit Enterprises
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⁠

On the other hand, if you plan to generate revenue by engaging in economic activity, then you’ll want to structure it as a for-profit entity, as a C-Corp, S-Corp, or LLC
More on corporate motives...
While the above for-profit legal designations tie their firms to serving their stakeholders (read: investors, management, founders, customers) they don’t always ensure the firm considers their externalities, or impact on the broader society.

This is where B Corps & Benefit Corporations come into play- they attempt to impart social & environmental welfare considerations into firms’ decision-making processes

📊 Analysis Paralysis: B Corp or Benefit Corporation?

They are different
Compared to the average for-profit firm, both the B Corp certification & the Benefit Corporation legal structure introduce higher standards of accountability, transparency, and purpose for firms to follow...

As The
B-Lab explains the difference
⁠
,
"The B Corp Certification is a third-party certification administered by the non-profit B Lab, based in part on a company's verified performance on the B Impact Assessment. The benefit corporation is a legal structure for a business, like an LLC or a corporation. Benefit corporations are legally empowered to pursue positive stakeholder impact alongside profit."

✂️ TL;DR

Both B Corps & Benefit Corporations are ensured to benefit society through enterprise at a minimum threshold - I wouldn't stress picking between the two.
Further in-depth reading on those differences
here
⁠
`
Companies can be both a legal Benefit Corporation & a certified B Corp (
Patagonia
⁠
&
Kickstarter
⁠
are examples)
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Screen_Shot_2020-09-15_at_4.12.38_PM.png
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⁠
[snippet from a
B-Corp investing guide
⁠
by Yale x Patagonia]

🏃‍♀️
Athleta
⁠
is Hiring

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Founded
⁠
by an athletic investment banker in 1998 (now acting
Nixon CEO
⁠
)
Acquired by GAP in 2008
Certified B Corp since 2018 🅱️
Women's athleisure - competes with Lulu on the leggings/yoga front
⁠
2020 goals
⁠
include women empowerment & environmental sustainability
Currently hiring in corporate roles + store roles, see all jobs
here
⁠

👩‍💼 Other Companies Hiring This Week

🧴
Olly
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- Women's Self-Care Products
🧼
Grove Collaborative
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- Environmentally Friendly Home Goods & Cleaning
💡
Inspire
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- Clean electricity
👟
Allbirds
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- Conscious Footwear
📈
Nia
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- Female-led Impact Investing

🕶️ Misc/Interesting Links

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Certified B Corp Directory
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Pending B Corp Certifications
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Nonprofit vs. For Profit Explanation in depth
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(reddit)
Example of how B Corps are graded below ⬇️
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Screen Shot 2020-09-16 at 10.55.10 PM.png
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⁠

Let’s Get in Touch

Did you get forwarded this email by a friend?
⁠
Get Emails Like This in Your Inbox
⁠
⁠
Work at a B Corp, Benefit Corporation, L3C, SPC, or other socially/environmentally impactful business?
Have feedback or an idea for the newsletter?
⁠
✉️ Let's Get in Touch
⁠
⁠

Doing 🅱️etter 🗞️
⚖️ Nonprofit or For-Profit?
🕊️ Non-Profit, or 501(c)(3)
💯 For-Profit Enterprises
📊 Analysis Paralysis: B Corp or Benefit Corporation?
✂️ TL;DR
🏃‍♀️ Athleta is Hiring
👩‍💼 Other Companies Hiring This Week
🕶️ Misc/Interesting Links
Let’s Get in Touch
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