What is the difference between a standard and public benefit Delaware corporation?
A Delaware public benefit corporation (also known as a PBC) is a for-profit corporation that makes an election to be subject to certain rules under Delaware law. The most notable of these rules is a requirement to balance the financial interests of its stockholders against one or more specified public benefits, as well as the interests of anyone materially affected by the corporation's conduct. This is in contrast to a regular Delaware corporation, which is only required to maximize stockholder value.
Clerky has products designed specifically for Delaware PBCs, which differ from our products for regular Delaware C corporations. If your company is a Delaware PBC, make sure to use products that are designed for Delaware PBCs.
Delaware PBCs are a type of benefit corporation. To learn more, see What is a Benefit Corporation?