benefit corporation

noun

US law
: a for-profit corporation whose purpose is to provide a benefit to society (as improving the environment or good health) in addition to making a profit for shareholders

called also B corporation

Examples of benefit corporation in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Zhang, a fashion and fine art photographer who was named to the Forbes 30 Under 30 list in 2018 and whose work has appeared in Vogue, Elle, Harper’s Bazaar and Time, founded Cara, a public benefit corporation, in late 2022. — Rob Salkowitz, Forbes.com, 23 Aug. 2026 Unlike Google, Discovery Loop is structured as a public benefit corporation, a for-profit entity intended to focus on public good. — Ryan Whitwam, ArsTechnica, 5 Aug. 2026 In a follow-up post on X, Dean said his new startup will be called Discovery Loop, and that it will be organized as a public benefit corporation focused on AI for science and engineering. — Mackenzie Sigalos,kif Leswing, CNBC, 5 Aug. 2026 The modern corporation, the series LLC, and the public benefit corporation were each contested when introduced, then widely adopted. — John Nay, Fortune, 14 July 2026 See All Example Sentences for benefit corporation

Word History

First Known Use

2009, in the meaning defined above

Time Traveler
The first known use of benefit corporation was in 2009

Rhymes for benefit corporation

See All Rhymes for benefit corporation

Browse Nearby Words

benefit
benefit corporation
benefit of clergy
See all Nearby Words

Cite this Entry

“Benefit corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/benefit%20corporation. Accessed 1 Sep. 2026.

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Legal Definition

benefit corporation

see also:
corporation
Last Updated: - Updated example sentences
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