Which of the Following Statements About Benefit Corporations Is True

Multiple Choice

Which of the following statements about benefit corporations is true?

A) A benefit corporation is a for-profit organization that has a stated purpose that includes creating a material positive aspect on society.
B) All 50 U.S. states and the District of Columbia has passed laws allowing mission-based businesses to incorporate as benefit corporations.
C) Small companies (those with less than 50 employees) cannot incorporate as benefit corporations.
D) Companies that incorporate as benefit corporations must get B Lab certification.
E) The primary disadvantage of incorporating as a benefit corporation is the risk of being sued by shareholders.