Popular Topics
All Topics
- 5 Pointz
- Advertising
- Advertising Law
- affordable housing
- AirBNB Lawsuit
- ALTA
- ALTA ACSM Standards
- Assemblages
- Bloomberg BNA
- Breach
- Broker-LawyerRelationship
- Broker’s license
- Building Loan Soft Costs
- Certified B corporation
- checklist
- Climate Change
- Commercial Condo
- Commercial Tenant Harassment Law
- commerical real estate
- Condo Developers
- condominium
- condos
- Contract
- Copyright, Trademark and Other Intellectual Property
- Corporate Law
- Corporate social responsibility
- Court Decisions
- COVID-19
- Crowdfunding
- Crowdfunding Rules
- CSR
- Delaware corporate law
- Delaware Good Faith
- Delaware Law
- Dodd-Frank Act
- environment, social and governance
- ESG
- event of default
- FinCEN
- foreclosure
- Fraud
- gross negligence
- ground leases
- Inequitable Conduct
- infrastructure
- Insurance Company
- Intellectual Property
- Internal Revenue Code
- internet
- ISLA
- Jennifer Plan
- Job Act Rules
- Joint Venture Agreements
- leasehold condominiums
- Limited Liability
- Limited Partnerships
- LLC
- LLC Agreement
- LLC Agreement Questions
- LLC Checklist
- LLC Mergers
- LLC taxation
- Loan Agreements
- MAE
- Mom and Pop Tenants
- Mortgage Subordination
- mortgages
- New York
- New York Attorney General
- New York City Council
- New York City Surveys
- New York Real Estate Journal
- Non-profit Organization
- NY Attorney General
- NY Real Estate in 2016
- NY Real Estate in 2018
- NYREJ
- NYS Land Surveyors Association
- NYS Lien Law
- Offering Plan
- online database listing
- opportunity zones
- Ordinary Course Covenant
- Passive Investors
- Public benefit corporation
- Public M&A
- Public Policy
- Purchase Contracts
- quality control
- Real Estate
- Real Estate Development Company
- Real Estate Financing Bureau
- Real Estate Litigation
- Real Estate LLC Agreements
- Real Estate Taxes
- Real Property Tax (RPT)
- Real-estate-advertising
- retail lease
- Rights of First Refusal
- ROFRs
- rural areas
- Sales
- Sales Tax
- section 1031 exchanges
- Securities & Exchange Commission
- Sellers
- Sole Discretion
- Specific Disclaimers
- Tax
- tax escalation clause enforcement
- tenancies in common
- TRIA
- VARA
- Visual Artists Rights Act
- Visual Examinations
- “High Volatility” (HVCRE) loans
Recent Posts
- NYREJ Publishes a Review of 2020 by Thomas Kearns
- NYREJ Publishes Article by Thomas Kearns on the Top 2020 Legal Developments Affecting NY’s CRE Industry
- Delaware Chancery Court Provides Important Guidance on COVID-19’s Impact on a Buyer’s Obligation to Close:
- Infrastructure Needed to Cure Digital Divide in the U.S.
- NYREJ Publishes Article by Thomas Kearns on Foreclosures for Technical Mortgage Defaults
- NYREJ Publishes Article by Thomas Kearns on Hotel Ground Lease Defaults
- NYREJ Publishes Article by Thomas Kearns on Gross Negligence
- NYREJ Publishes Article by Thomas Kearns on Returning to Offices After COVID-19
- NYREJ Publishes Article by Thomas Kearns on Protecting Co-Investors in LLC Agreements
- Acronyms, Abbreviation and Jargon in New York Commercial Real Estate
Archives
- February 2021
- December 2020
- October 2020
- August 2020
- June 2020
- April 2020
- March 2020
- January 2020
- December 2019
- September 2019
Contact Us
Thomas D. Kearns
tkearns@olshanlaw.com
@TDKearns
212.451.2273
Public Benefit and Certified B LLCs for Real Estate
Olshan Corporate partner Spencer Feldman posted about the growing interest in public benefit corporations – corporations whose charter documents include clear directions that the managers of the company take into consideration social goals including community service and renewable energy.
Public benefit corporations have become popular with new generations of business people who wish to take into consideration environment, social and governance (“ESG”) goals. Now well recognized, third parties such as B Labs have sprung up to help companies include appropriate provisions in their charter documents and issue a certification after an assessment of the company. My partner, Spencer Feldman, recently wrote extensively on the topic. What is less well known is that B Corp is also willing to certify limited liability companies, the preferred vehicle for most commercial real estate ventures. LLCs for affordable housing projects or developments in sensitive areas that may face local resistance might be ideal candidates for public benefit or B Corp status.
You can read Olshan Corporate/Securities partner Spencer Feldman's blog post, "Public Benefit Corporations and Certified B Corporations: Adding Transparency into a Corporation’s Ideological View on its Role in Society" here.
You can read the B Labs page on LLC agreement provisions here.
You can read more about Benefit corporations here.