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7:057 Module 6 Discussion Fo... OOO INFO DISCUSSION Module 6 Discussion Forum Due: Thursday, Aug...

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Accounting

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7:057 Module 6 Discussion Fo... OOO INFO DISCUSSION Module 6 Discussion Forum Due: Thursday, Aug 12,2021. 11:59 PM The textbook discusses and defines many different types of corporations. Since about 2010 a new type of corporation has developed called a Benefit Corporation. In the United States a Benefit Corporation is a type of a for-profit corporation currently authorized in a number of states in the United States including Pennsylvania and the District of Columbia that includes positive impact on society and the environment in addition to making a profit for its owners as part of its purpose for existence. These Benefit Corporations differ from traditional C corporations in purpose, accountability, and transparency, but not in taxation. Discuss whether you feel that corporations that operate solely on the Internet without any bricks and mortar offices for consumers to visit them should be classified differently. Discuss as part of the reasons for your answer legal implications of corporations operating solely on the Internet and without a bricks and mortar location

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