Law Practice
Jan. 15, 2010
Mixing Profits With Social Good
California could soon create a new type of corporate entity that includes social good in its mandate if a 10-attorney working group can persuade lawmakers to approve the structure.
By Sara Randazzo
Daily Journal Staff Writer
R. Todd Johnson's curiosity was piqued in 2004, when clients started asking the corporate attorney what should have been a basic question: Do I form as a nonprofit or a corporation?
For certain entrepreneurs, whose business ideas blended moneymaking with a desire to give back to society, Johnson realized the solution was far from obvious.
"It seemed to me there...
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