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13 Seattle J. Soc. Just. 935 (2014-2015)
Social Purpose Corporations: The Next Targets for Greenwashing Practices and Crowdfunding Scams

handle is hein.journals/sjsj13 and id is 975 raw text is: 





                               Social Purpose Corporations:
  The Next Targets for Greenwashing Practices and

                                          Crowdfunding Scams


                                                           Tina H. Ho*
   With an increased focus on corporate social responsibility,' various states
have recently created a for-profit corporate entity that considers both social
and shareholders' interests.2 These for-profit corporations, such as benefit
corporations, balance both shareholders' profits and public interests.3 In
addition to corporations' traditional purposes of profit maximization, these
for-profit corporations also strive to create public benefit to the community
and environment or even to the corporations' employees, supply chain, and
customers.4
   Washington State has followed this trend and created a for-profit
business entity known as a social purpose corporation, emphasizing that
the requirements and regulations related to this entity should be flexible in
legislating corporate behavior.5 Washington's social purpose corporation
statute was intended to provide more flexibility than was afforded by the



. Tina Ho is a 2015 JD Candidate at Seattle University School of Law. She would like to
thank the Seattle Journalfor Social Justice for giving her the opportunity to share her
perspectives and for supporting her through the entire writing process. She would also
like to thank faculty mentors, family, and friends for their support.
1 Archie B. Carroll & Kareem M. Shabana, The Business Case for Corporate Social
Responsibility: A Review of Concepts, Research, and Practice, 12 INT'L J. OF MGMT.
REVS. 85, 85 (2010).
2 H.R. 2239, 62nd Cong. (Wash. 2012).
3 Evangeline Gomez, The Rise of the Charitable For-Profit Entity, FORBES (Jan. 13,
2012), http://www.forbes.com/sites/evangelinegomez/2012/01/13/the-rise-of-the-char
itable-for-profit-entity/.
4 Id.
5 John Reed & Anne Wellman Lewis, The Social Purpose Corporation, STARTUP LAW
BLOG   (May  8, 2012), http://www.startuplawblog.com/2012/05/08/social-purpose-
corporation/.

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