zlacker

“ A public benefit corporation cannot distribute profits, gains, or dividends to any person.”

I don’t know a thing about corporate structuring so forgive my ignorance here, but even if they are “non-profit”, can’t they still take very high pay? Can’t they still produce and sell products? They just can’t sell shares or dividend out profits, right?

>>dclowd+(OP)
Correct. They can even distribute bonuses.