It is now easier and faster to create a benefit corporation in New York State. In addition to adding information about benefit corporations to its website, the NYS Department of State now allows you to form a benefit corporation online. This new process will reduce the time needed to get a benefit corporation up and running in New York.
Business owners typically incorporate because their lawyer or accountant told them to. There is a relatively new reason to consider as well. You may want your business to become a "benefit corporation" so that it not only receives tax benefits and legal protections, but also to hold your business to a higher standard. New York State started letting businesses register as benefit corporations in 2012 so that they can focus on their triple bottom lines of profit, people, and planet.