PrecisED, Inc. has been incorporated as a Public Benefit Corporation (PBC) in Delaware. A PBC is the same as a regular C-Corp, except that it has an:
Expanded Corporate Purpose to include one or more public benefit purposes. A PBC is required to balance financial interests of shareholders with the benefits to the identified publics.
Expanded Accountability wherein shareholders are given a private right of action to enforce the purpose.
Expanded Transparency in that has to report to shareholders about its overall impact of the purpose.
A Public Benefit Corporation can go public. Its Board of Directors are appointed rather than elected.
The purpose of PrecisED, Inc. is to positively affect education and educational goals among the underserved of society.