OpenAI Is Creating a Public Benefit Corporation. What Does That Mean?

After months of back-and-forth with regulators and stakeholders, OpenAI said it has completed the process of restructuring as ...
The Verge

Elon Musk’s xAI quietly dropped its status as a public benefit corporation.

Public benefit corporations have societal and environmental obligations besides their financial goals and legally have to report on how those obligations are going. But at some point before May 2024, ...
Entrepreneur

Switching to a C Corp Could Save Your Business Thousands — Here’s How

Business owners have a lot to unpack in the One Big Beautiful Bill Act (OBBBA). Here’s how it incentivizes the C-corp structure, particularly in growth-focused businesses. The OBBBA solidifies the 21% ...