Benefit Reporting

A benefit corporation is a legal designation that a business can elect to codify their goals to serve a broader public good beyond just profits. These take different forms in different states, but typically come with additional reporting requirements and public accountability. Certifications are another step businesses can take to document their public benefit (like B Corp).

When Eight Legged Octopus incorporated in 2020, we chose to register with the state as a benefit corporation in order to build the public good into every decision from the start. For our required reporting, we use the B Impact Assessment methodology. Use the links below to learn more about our reports and benefits corporations in general. And feel free to reach out to us if you’re interested in learning more about our process and how it might apply to your business.