Make it official and sign B Corp. documents
In addition to passing the B Impact Assessment, B Corporations must sign a Term Sheet & Declaration of Interdependence:
2010 Term Sheet for Constituency States, LLC, LLPs, and Canada
(For C or S Corps in CT, D.C., FL, GA, HI, ID, IL, IN, IA, KY, LA, ME, MD, MA, MN, MS, MO, NE, NV, NJ, NM, NY, ND, OH, OR, PA, RI, SD, TN, VT, WI, and WY; LLCs and LLPs in any state; and all Canadian corporations)
2010 Term Sheet for Non-Constituency States
(For C or S Corps in AL, AK, AZ, AR, CA, CO, DE, KS, MI, MT, NH, NC, OK, SC, TX, UT, VA, WA, and WV)
2010 Term Sheet for German Companies
The Term Sheet commits B Corporations to:
• Submit all supportive documentation for their B Impact Assessment
• Make the legal changes to their articles of incorporation within one year of certification.
• Submit to an audit if randomly selected (B Lab randomly audits 20% of all B Corporations over the 2 year certification period).
• Sign the Declaration of Interdependence as a symbol of their commitment to our shared collective purpose
• Pay B Lab an annual licensing fee based on the full-priced tiered structure below
• During the first five years of certification the annual fee is capped at $25,000
| Annual Sales |
Annual Fee |
| $0 - $1,999,999 MM |
$500
|
| $2 MM - $4,999,999 MM |
$1,000
|
| $5 MM - $9,999,999 MM |
$2,500
|
| $10 MM - $19,999,999 MM |
$5,000
|
| $20 MM - $99,999,999 MM |
$10,000
|
| $100 MM + |
$25,000
|
