NEW YORK UNANIMOUSLY PASSES BENEFIT CORPORATION BILL

On June 16th and 17th, New York Senate and Assembly unanimously (62-0 in the Senate and 139-0 in the Assembly) passed a bill that, when signed by Gov. Cuomo, will make New York the 5th state to allow businesses to organize as a Benefit Corporation. “Benefit Corporations require companies to have a legal responsibility to stakeholders as