A »When a company becomes a B Corp, it commits to balancing profit with purpose, legally allowing directors to consider social and environmental impacts in decision-making. This status may enhance brand reputation and attract conscious consumers and investors. However, it also requires meeting rigorous standards and transparency in reporting, which can involve additional compliance costs and efforts. Consulting with a legal expert can help navigate these implications effectively.

A »Becoming a B Corp requires a company to amend its governing documents to balance profit with social and environmental responsibilities. This change can impact governance, fiduciary duties, and reporting requirements. B Corps are also subject to third-party audits and must meet rigorous standards, potentially affecting liability and investor relations.