This program will discuss Tennessee's new For-Profit Benefit Corporation Act that comes into effect January 1, 2016. A panel of TBA members who drafted the legislation will talk about the Act and offer advice about the use of the Act in organizing Tennessee social enterprise businesses. The discussion will address how the Act came to be enacted (including, in the process, common questions about the Act and benefit corporation legislation generally), clarify director duties and other governance matters under the Act, make observations about the possible advantages in organizing a social enterprise business as a Tennessee for-profit benefit corporation, and offer advice about drafting organizational documents under the Act.
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This course is no longer available for purchase.
This program will be filed for Tennessee CLE credit. Please contact TBA for Georgia, Mississippi and Alabama credit.