Società benefit

Main features

The Italian Benefit Corporation (Società Benefit) aims to operate transparently and sustainably toward people, communities, the environment and territories, cultural activities and assets, and all stakeholders.

1. Limited Liability
   The Shareholders are only responsible for the invested capital.
2. Type of shareholders
   The shareholders of the limited company may be either persons or companies, including foreign ones.
3. Company structure
   Shareholders may choose any type of company among those provided by the law.
4. Tax Benefits
   The Benefit Corporation is eligible for a tax credit of up to 50% on incorporation and conversion costs.
5. Specific Bylaws
   The articles of incorporation and bylaws must reflect the corporate purpose of operating sustainably with respect to identified stakeholders.
6. Annual Report
   Directors must prepare an annual report attesting to the company’s pursuit of the common benefit and plans.
7. Estimated incorporation time
   The incorporation of an Italian Benefit Corporation is achieved in approximately 72 hours.