[fheisler]

A PBC is just a for-profit company that has _some_ sort of specific mandate to benefit the "public good" - however it chooses to define that. It's generally meant to provide some balance toward societal good over the more common, strictly shareholder profit-maximizing alternative.

(IANAL but run a PBC that uses this charter[1] and have written about it here[2] as part of our biennial reporting process.)

[1] https://github.com/OpenCoreVentures/ocv-public-benefit-compa...

[2] https://goauthentik.io/blog/2024-09-25-our-biennial-pbc-repo...