Respuesta :
A company that explicitly takes on a social mission in addition to profit-seeking is considered a benefit corporation or L3C. B option is the correct answer.
Low-profit limited liability corporations (L3C), which are legal in eight states and Puerto Rico and were founded primarily for charity purposes, are business entities. The organisations must register with the relevant state agencies and work toward their designated charity goals.
Both give their owners some protection from liability. However, the L3C, like an LLC, offers more alternatives for taxes, more flexibility in deciding the financial and non-financial rights of its shareholders, and greater flexibility in management structure.
A Benefit Corporation is a sort of for-profit corporate company that is not only motivated by profit, unlike a typical corporation. A benefit corporation must fulfil higher standards of accountability and openness and have a positive social or environmental purpose.
To know more about benefit corporation or L3C: https://brainly.com/question/20598935
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The correct question is:
A company that explicitly takes on a social mission in addition to profit-seeking is considered a:
(a) social welfare organization.
(b) benefit corporation or L3C.
(c) nonprofit organization.
(d) social partnership.
(b) benefit corporation or L3C.
