Arizona benefit corporation attorneys Richard Keyt, JD. LL.M (tax law) and his son Richard C. Keyt, JD, created this site because they want to help people learn about Arizona benefit corporation law and they want to form your Arizona b corporation.
As of January 1, 2015, Arizona law allows people to create a new type of for profit corporation called a “benefit corporation.” Benefit corporations can be formed in 27 states. A benefit corporation is a special type of corporation created for businesses that have a social conscious. An Arizona benefit corporation for the most part is a standard Arizona for profit corporation that operates subject to the specific requirements of Arizona’s benefit corporation statutes.
Arizona benefit corporations is a corporation whose Articles of Incorporation states that the corporation is a benefit corporation. The benefit corporation may have a general public benefit goal, i.e., to have a material positive impact on society and the environment, taken as a whole, assessed against a third-party standard, from the business and operations of a benefit corporation.