Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.
A B corporation (or Benefit Corporation) is a type of for-profit company that has an additional mission to contribute positively to society or the environment. It's a legal structure that balances public benefits with profit-making, and is designed to hold companies accountable for producing some kind of societal benefit in addition to profits.
B corporations are required by law to consider the impact of their decisions on all stakeholders, not just shareholders. These stakeholders can include employees, customers, the community, and the environment. This makes B corporations different from traditional corporations, which are primarily concerned with maximizing shareholder value. Also, it's important to note that being a B corporation is different from having B Corp certification from B Lab, a nonprofit organization. The latter requires companies to meet rigorous social and environmental performance standards.
Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.
We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at info@pilot.com.
Get the peace of mind that comes from partnering with our experienced finance team.