Public benefit corporation

{
  "id": "MLC-T-LAW-004010",
  "term": "Public benefit corporation",
  "field": "Law",
  "definition": "A type of for-profit corporation that is legally obligated to pursue a general public benefit in addition to generating profit for its shareholders. These entities must balance financial returns with social and environmental impact. They are distinct from traditional corporations and non-profit organizations, offering a hybrid legal structure.",
  "url": "https://mlchart.com/terminology/law/public-benefit-corporation/"
}