A social purpose corporation (SPC) is a type of for-profit entity, a corporation, in some U.S. states that is formed with the stated statutory purpose of creating or pursuing public benefit activities. Organization of this entity type enables, but does not require, considering social or environmental issues in decision making. SPCs are similar to benefit corporations (B corporations). Bruce Francois Inc. is a Florida-based SPC with a social purpose to inspire, equip, and enable individuals to actualize their potential.
What is a social purpose corporation? Print
Modified on: Tue, 24 Mar, 2020 at 1:12 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.