California Law Allows Formation of Two New Types of Corporations

This California Secretary of State memo announces the recent changes in California law allowing two new types of corporation effective as of January 1, 2012. First, there is the 'Flexible Purpose Corporation' as provided under California Corporations Code sections 2500-3503. Second, there is the 'Benefit Corporation' as provided under California Corporations Code sections 14600-14631.
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Robin Mashal
Los Angeles, California
Commercial Litigation
(310) 286-2000

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I am a litigation lawyer, licensed to practice law in the State of California. You can reach me by phone at (310) 286-2000.