Status Tool

Select a classification to view its legal history
Enacted Legislation
Under Consideration
Failed Legislation
No Activity
Repealed Legislation

Status Overview

Within each Social Enterprise Category
All
2 7 0 90 0 G
Benefit Corps
12 4 2 82 0 G
L3Cs
82 0 2 16 0 G
SPCs
92 0 0 8 0 G
BLLCs
90 0 0 10 0 G
SPBLPs
98 0 0 2 0 G

Annual Review

State of Social Enterprise and The Law
The Grunin Center publishes The State of Social Enterprise and the Law annually. These reports describe considerations and challenges in defining the field of social entrepreneurship and impact investing, legislative developments in the United States with respect to forms of legal entities that are available to social entrepreneurs, the role of U.S. legal education in training a new generation of lawyers knowledgeable about the field of social entrepreneurship and impact investing, and the last decade of legal scholarship in the field of social entrepreneurship and impact investing.
2022-2023 Report 2023-2024 Report
*This research project is generously funded by the Tepper Family. We would like to extend our gratitude to the Tepper Family, with particular thanks to Marvin Tepper ’58, Elise Tepper, Jacqueline Tepper ’90, Edward Tepper, and Shelley Tepper.
Click here for more details.

Recent Activity

11/14/23
Michigan introduced benefit corporation legislation on November 14, 2023. The bill was referred to the House Committee on Judiciary and no action has since been taken. View
05/11/23
Rhode Island measure to repeal L3C legislation held for further study. View
02/07/23
Wyoming introduced benefit corporation legislation on January 16, 2023. It died in committee on February 7, 2023. View
01/31/23
Mississippi introduced benefit corporation legislation on January 4, 2023. It died in committee on January 31, 2023. View
11/03/22
Pennsylvania act concerning the standard of conduct for benefit corporation directors, benefit directors, and officers signed into law by Gov. Tom Wolf. View
03/17/22
Colorado act concerning PBC voting thresholds and appraisal rights signed into law by Gov. Jared Polis. View
02/01/22
Mississippi introduced benefit corporation legislation on January 4, 2022. It died in committee on February 1, 2022. View
06/30/21
Delaware act concerning the manner in which and requirements for an LLC to become a BLLC. Signed into law by Gov. John Carney. View
06/08/21
Iowa benefit corporation act signed into law by Gov. Kim Reynolds. View
03/29/21
Wyoming introduced benefit corporation legislation on January 12, 2021. It failed in the House on March 29, 2021. View
02/10/21
Pennsylvania act concerning loan discounts on standard interest rate for benefit corporations referred to Commerce. View

About

Welcome to the Social Enterprise Law Tracker. Beginning in 2008, state legislatures started authorizing a new class of entities collectively known as social enterprises. These corporate and company forms are designed for businesses that seek to create positive social and environmental impacts in addition to financial returns.  These forms include the benefit corporation (Benefit Corps), the social purpose corporation (SPC), the low-profit limited liability company (L3C), the benefit limited liability company (BLLC), and the statutory public benefit limited partnership (SPBLP).

The Status Tool on this page visualizes how social enterprise law has spread across the United States. Select any state or jurisdiction for information about the social enterprise forms that are available, or are currently under consideration by the state legislature. All data collected and used on this site adheres to Sunlight Foundation’s Open Data Policy Guidelines, and can be downloaded for corresponding categories by clicking the link below the Status Tool map.

The Social Enterprise Law Tracker was developed by Rob Esposito and Shawn Pelsinger, with support from the NYU Jacobson Leadership Program in Law & Business, the NYU Stern Business & Society Program, and the NYU Law and Social Entrepreneurship Association. The Social Enterprise Law Tracker is now hosted and maintained by the Grunin Center for Law and Social Entrepreneurship at NYU School of Law.

Launched in 2017, the Grunin Center for Law and Social Entrepreneurship is a global leader in the field of law and social entrepreneurship, dedicated to advancing a global movement that creates new ways for law and lawyers to drive positive change in the world. The mission of the Grunin Center is to enhance the community of lawyers and legal institutions purposefully engaged in social entrepreneurship, impact investing, and sustainable development, and to accelerate their effective participation in these fields. To fulfill this mission, the Grunin Center is bridging the gaps between legal practitioners, scholars, educators, and law students, as the Center: educates students and lawyers about legal issues arising in these fields; leads path-breaking conversations about legal innovations and new legal approaches that advance these fields; invests in the success of students who are interested in applying their legal skills to these fields; and celebrates the contributions of legal practitioners, scholars, and students to these fields and shares learnings drawn from their contributions.

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The Grunin Center NYU School of Law NYU Stern

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