Funding Social Businesses on Mainstream Markets
4 Pages Posted: 19 Dec 2013
Date Written: July 10, 2011
The paper develops arguments for the need of a new form of legal entity for social enterprises that allow the co-existence of for-profit and non-for-profit shareholders within the capital structure of a company. The paper is the basis of the legal form of the Société d'Impact Sociétal developed under Luxembourg law which serves as a role model for social enterprises seeking funding from both philanthropic and for-profit investors.
Keywords: social enterprise, impact investing, impact measurement, corporate structure
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