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Repealed Legislation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
8 21 0 71 0 G
Benefit Corps
2 8 22 68 0 G
L3Cs
41 37 6 16 0 G
SPCs
92 0 0 8 0 G
BLLCs
88 2 2 8 0 G

Annual Review

State of Social Enterprise and The Law
The Grunin Center publishes The State of Social Enterprise and the Law annually. The first in the series, the 2017-2018 report seeks to capture some of the difficulties in defining the field, as well as the encouraging progress that has been made in law schools, academic research, and state legislation. In particular, the report describes 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.
*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.

Recent Activity

04/11/19
Maine benefit corporation bill (L.D. 1519) referred to the Committee on Innovation, Development, Economic Advancement and Business View
04/08/19
Oklahoma benefit corporation bill (H.B. 2423) passed by unanimous vote in both House 93-0 and Senate 46-0 View
04/08/19
North Dakota benefit corporation bill passes Assembly and referred to the Industry, Business and Labor Committee View
03/19/19
Ohio benefit corporation bill (S.B. 21) passed in the Senate by unanimous vote. Referred to the House Committee on Civil Justice. View
02/28/19
Missouri introduced benefit corporation bill (H.N. 1154) in House View
02/08/19
Georgia introduces benefit corporation bill (H.B. 230). Passes House and referred by the Senate View
02/05/19
Mississippi introduced benefit corporation legislation on January 11, 2019. It died in committee on February 5, 2019 View
01/16/19
New Mexico Benefit Corporation Act sent to House commerce and Economic Development Committee View
05/04/18
Kansas public benefit corporation bill (H.B. 2125) died in the Senate Committee on May 4, 2018. View
04/24/18
Michigan benefit corporation bill (H.B. 5867) reintroduced and referred to the House Committee on Commerce and Trade. View
02/09/18
Utah benefit limited liability company legslation (HB 186) passes House by a 61 to 0 vote. View
01/30/18
Mississippi introduced benefit corporation legislation on January 8, 2018. The bill died in the House Judiciary Committee on January 30, 2018. View
01/24/18
New York L3C legislation (A.5859) was introduced on February 16, 2017 then marked Enacting Clause Stricken on January 24, 2018. View
11/27/17
Wisconsin benefit corporation signed into law (2017 Wisconsin Act 77) by Gov. Scott Walker. View
06/14/17
Texas benefit corporation bill (HB 3488) signed into law by Gov. Greg Abott. View
05/16/17
Alaska benefit corporation bill (HB 124) passes House by a 28-11 vote View
05/16/17
North Carolina benefit corporation bill (HB 616) reported favorably and calendared View
04/19/17
Bill amending Colorado's Public Benefit Corporation Act (H.B. 17-1200) passed in Senate by a vote of 30-4 View
04/19/17
North Carolina benefit corporation bill (H.B. 616) re-referred to Committee on Finance View
04/14/17
No further action allowed on Nevada L3C bill (AB 172) pursuant to Joint Standing Rule No. 14.3.1 View
04/07/17
Joint Favorable Substitute of Connecticut benefit limited liability company bill (S.B. 12) reported by Senate Judiciary Committee View
04/05/17
North Carolina benefit corporation bill (H.B. 616) reintroduced in the House View
04/03/17
Bill amending Colorado's Public Benefit Corporation Act passed by the House by a unanimous vote of 63-0 View
03/30/17
Georgia benefit corporation bill (H.B. 278) withdrawn and recommitted View
03/20/17
Kentucky benefit corporation bill (H.B. 35) signed into law by Gov. Matt Bevin View
03/18/17
New Mexico benefit corporation bill (H.B. 467) withdrawn from Senate Committee on Corporations & Transportation for subsequent action View
03/10/17
New Mexico benefit corporation bill (H.B. 467) passes House by unanimous vote of 66-0 View
03/08/17
Texas benefit corporation bill (H.B. 3488) reintroduced in House View
03/02/17
Missouri benefit corporation bill (S.B. 467) referred to Senate Small Business and Industry Committee View
03/01/17
Missouri L3C bill (SB 326) passes Senate by vote of 33-0 View
02/23/17
Missouri benefit corporation bill (S.B. 467) reintroduced in Senate View
02/22/17
Amendment to Colorado Public Benefit Corporation Act (H.B. 17-1200) introduced in House View
02/21/17
Kansas benefit corporation bill (H.B. 2125) passes the House by a vote of 124-1 View
02/16/17
New York L3C bill (A.5859) reintroduced in the Assembly and referred to Corporations, Authorities and Commissions Committee View
02/15/17
New Mexico benefit corporation bill (H.B. 467) reintroduced in House View
02/15/17
Alaska benefit corporation bill (H.B. 124) reintroduced in the House View
02/09/17
Companion Iowa benefit corporation bill (S.F. 221) introduced in Senate View
02/07/17
Georgia benefit corporation bill (H.B. 278) reintroduced in the House View
01/31/17
Mississippi benefit corporation bill (H.B. 673) dies in House Judiciary Committee View
01/23/17
Kansas benefit corporation bill (H.B. 2125) introduced View
01/23/17
Iowa benefit corporation bill (H.F. 62) introduced in the House View
01/19/17
Hawaii reintroduces L3C bill (HB 19) View
01/18/17
Oklahoma companion benefit corporation bills (S.B. 343 and H.B. 1809) are introduced View
01/13/17
Mississippi benefit corporation bill (H.B. 673) introduced in the House and referred to the Judiciary Committee View
11/21/16
Pennsylvania benefit limited liability company bill (H.B. 1398) signed into law by Gov. Tom Wolf View
11/10/16
Ohio benefit corporation bill (H.B. 545) referred to the House Commerce and Labor Committee View
10/27/16
Pennsylvania House unanimously concurs with Senate amendments to benefit limited liability company bill (H.B. 1398) by 185-0 vote View
10/26/16
Pennsylvania benefit limited liability company bill (H.B. 1398) unanimously passes Senate by 48-0 vote View
06/01/16
Kansas benefit corporation bill (H.B. 2697) died in committee View
06/01/16
New York L3C bills (A01209/S03550) are referred to the Assembly and Senate Corporations, Authorities and Commissions Committees, respectively View
05/31/16
Michigan reintroduces benefit corporation legislation (H.B. 5710); referred to the House Committee on Commerce and Trade View
05/03/16
Ohio introduces benefit corporation legislation (H.B. 545) View
04/13/16
Wisconsin benefit corporation bill (A.B. 59) and L3C bill (A.B. 60) fail to pass pursuant to Senate Joint Resolution 1 View
03/09/16
English version of Puerto Rico's public benefit corporation and L3C law now available 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), and the benefit limited liability company (BLLC).

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 an emerging global leader in the field of law and social entrepreneurship. The mission of the Grunin Center is to enhance the community of lawyers and legal institutions engaged in social entrepreneurship and impact investing and to accelerate their effective participation in these fields. To fulfill this mission, the Grunin Center educates students and practicing lawyers about legal issues in social entrepreneurship and impact investing; disseminates knowledge, resources and research about legal issues and policy developments in these fields; and collaborates with other field-building organizations, universities and research centers.

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NYU School of Law The Grunin Center NYU Stern

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