B-Corporations are for-profit corporations that create public benefits while providing economic returns to their investors. For the purpose of suing a corporation in federal court, the corporation is a citizen in the state where it has its principal place of business.
An eleemosynary corporation is one that is organized for charitable or benevolent purposes. B-Corporations are for-profit corporations that create public benefits while providing economic returns to their investors.
A corporation is a legal person created by governmental action. Debts of a corporation are not the personal debts of the corporate officers and shareholders. Shareholders are absolutely immune from corporate liabilities.