Fourth Annual Marshall M. Criser, Jr. Transactional Law Seminar

Foley Partner Gardner Davis presented at the Fourth Annual Marshall M. Criser, Jr. Transactional Law Seminar on November 2, 2016 recent developments that impact Florida business entities.

Gardner provided an overview of the two new forms of Florida corporate enterprise, the Social Purpose Corporation (Fla. Stat 607.501 -513) and the Benefit Corporation (Fla. Stat 607.601-613), both of which allow entrepreneurs and investors to pursue significant societal benefits as part of the business mission that may not satisfy the traditional corporate fiduciary duty of profit maximization and historical prohibition against corporate waste. The presentation also included discussion of other recent developments regarding Florida business entities, including the status of the Florida Bar Business Law Section’s ongoing work on major revisions to the Florida Business Corporation Act.