Make it official and sign B Corp. documents
In addition to passing the Survey, B Corporations must sign a term sheet which commits them to:
• Submitting all supportive documentation for their B Survey
• Making the legal changes to their articles of incorporation within one year of certification;
• Sign the Declaration of Interdependence as a symbol of their commitment to our shared collective purpose
• Licensing fees of .1% of revenues. B Corporations certified in 2008 will receive a significant discount off of these fees during their first two-year term.
| B Corp Licensing Fees | Basis Points | % of Sales | For Every %1MM |
|---|---|---|---|
| First 6 Months | 0 | 0 | 0 |
| Second 6 Months | 5 | 0.05% | $500 |
| Year 2 | 10 | 0.1% | $1,000 |