Blog

10 Feb Indiana Benefit Corporations

In recent years, consumers and investors have demonstrated an increased preference for socially conscious companies. The natural outgrowth of this trend has been the rise of socially conscious companies like Tom's, a shoe company that donates one pair of shoes to those in need for each pair it sells. On January 1, 2016, Indiana entered the fray as the 30^th state to enact a benefit corporation statute. Benefit corporations are for-profit corporations formed with the additional purpose of providing a general public benefit. Under the statute, a general public benefit is a benefit creating “material positive impact on society and the environment,” as a whole, through a corporation’s operations.[1] This ambiguous language provides flexibility to benefit corporations that have a variety of benefit interests.

04 Jan High Volatility Commercial Real Estate: A Look Ahead

As the New Year begins, we look ahead to new challenges and the opportunities they bring. 2015 quietly ushered in a new capital reserve rule for banks: a super capital charge for High Volatility Commercial Real Estate (HVCRE) loans. As the year closes, there are still many questions about this Rule and its effect.