A Delaware public benefit corporation (PBC) is a for-profit corporation intended to produce a public benefit and operate in a responsible and sustainable manner. A PBC must be managed in a way that balances the interests of the stockholders, the company’s key stakeholders, and a specific public benefit that the company commits to in its charter.

Cooley has launched a coronavirus resource hub featuring guidance on the legal, regulatory and commercial implications of the COVID-19 pandemic. Given the rapidly changing legal and financial landscape, we will be updating the content regularly with new insight to help businesses worldwide navigate unprecedented issues, touching on topics including contracts, commercial litigation, venture capital, public… Read more »

2019 marked the rise of the Direct Listing. Though they are not exactly new structures, following the heavily-publicized Direct Listings of tech giants Spotify and Slack, they have captured the imagination of the capital markets world. Venture capitalists love them. CFOs are intrigued by them. Bankers want to hang out with them. Securities lawyers are… Read more »

1. Experienced advisors Choose experienced advisors, including lawyers, auditors and financial consultants (if necessary), and get them involved early. Advisors who work routinely with the SEC and investment bankers – and each other – will help proactively identify key issues, expedite the transaction and avoid the pitfalls that can delay offerings, create disclosure issues and… Read more »

In 2017, Congress created the Opportunity Zone program to encourage investment in economically distressed parts of the United States. While the Opportunity Zone program is primarily focused on providing tax breaks for investors, emerging companies may be able to capitalize on the program as well. The Opportunity Zone program Opportunity Zones are census tracts that… Read more »

Five years ago, on July 1, 2014, we launched this site. And we’ve been amazed by what you have done with its tools. Since 2014, you have visited Cooley GO from more than 160 countries, generating 166,000+ document packets, including 30,000+ incorporation packages and 60,000+ financing-related packages. You’ve shared your stories with our community and… Read more »