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12 - Searching for the Optimal Legal Limits on Charity Entrepreneurship

from Part III - Legal Incentives Supporting (and Sometimes Discouraging) Entrepreneurial Action

Published online by Cambridge University Press:  07 April 2022

D. Gordon Smith
Affiliation:
Brigham Young University School of Law
Brian Broughman
Affiliation:
Vanderbilt University, Tennessee
Christine Hurt
Affiliation:
Brigham Young University School of Law
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Summary

In recent years, much media and scholarly attention has focused on social entrepreneurship and the ways that the law can help or hinder those launching new ventures that seek to combine doing good with doing well. Prominent examples of such ventures include Mark Zuckerberg and Priscilla Chan’s public discussions about how best to dedicate 99 percent of their Facebook stock to charitable endeavors and the decision of Kickstarter’s founders to forego going public in favor of making a legal commitment to pursue goals other than maximizing profits.1 New, so-called hybrid, legal forms such as the benefit corporation and the low-profit limited liability company have arisen to accommodate these new ventures in the United States, and debate continues over the benefits and obligations of such new entities.

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Publisher: Cambridge University Press
Print publication year: 2022

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