Post by account_disabled on Mar 12, 2024 7:08:41 GMT
It's not a secret. We live in an era of social and environmental crisis that demands attention, not only from governments, but also from the private sector. It is in this context that companies that adopt a new business paradigm have begun to emerge. The so-called triple impact companies. What exactly are they and how can you recognize them?
Companies of all sizes and industries strive to find viable actions that allow them to continue their operations while reducing social and environmental impact. Meanwhile, entrepreneurs from various countries around the world have begun to launch triple impact initiatives. Either as your first approach to business activity, or as an alternative project.
Unlike civil society organizations, whose activity is not lucrative; Triple impact companies actively participate in the economic dynamics of their communities. These are organizations that seek to contribute to economic and social progress, while promoting environmental conservation.
However, most countries lack a legal figure that recognizes triple impact companies and can differentiate them from the rest of the for-profit and non-profit organizations. As a result, encouraging the creation of businesses that operate under this scheme is particularly complicated.
Argentina launches regulations
After the recent approval of the Entrepreneurs Law in Argentina , legal recognition of triple impact companies and entrepreneurs is now being sought with the BIC Law presented in the National Congress. Triple impact companies today operate as non-profit organizations or commercial companies, without having any of these legal forms, and hence the approval of the BIC Law will be a fundamental advance to support a sector that is transforming the economy.
The BIC Law is a special regime that France Mobile Number List identifies and regulates companies that integrate the creation of economic, social and environmental value into their business. Its importance lies in the fact that these companies, including B Companies, are a key sector to evolve towards a new, more inclusive and sustainable economy.
The positive social and environmental impact is one that implies a benefit of collective interest for society and the environment, taken as a whole. This benefit is produced as a result of the activity carried out by the company or how it is carried out.
Today, triple impact entrepreneurs do not have legal recognition that protects companies and allows the State to promote them. For this reason, it is expected that the National Congress will advance in the approval of the law that will directly benefit social entrepreneurs and SMEs, civil society organizations, impact investors and consumers as a whole.
It is important to mention that this law does not create a new type of company, but rather a special regime applicable to any type of company - existing or established in the future - that chooses to benefit from it.
The BIC Bill will make it possible, for example, for a Public Limited Company (SA). or a Simplified Public Limited Company (SAS) or any of the other legal types provided for in the General Companies Law No. 19,550 becomes a SA “BIC” / SAS BIC The General Companies Law No. 19,550 is not modified or created a new legal type.
What tax benefits does the BIC Law provide? None. The main objective of the law is to identify, recognize and promote enterprises with social and environmental impact. The various benefits will arise from the market and/or from policies that the State can implement through preferential public purchasing programs, easier access to credit or funds, etc.
Companies of all sizes and industries strive to find viable actions that allow them to continue their operations while reducing social and environmental impact. Meanwhile, entrepreneurs from various countries around the world have begun to launch triple impact initiatives. Either as your first approach to business activity, or as an alternative project.
Unlike civil society organizations, whose activity is not lucrative; Triple impact companies actively participate in the economic dynamics of their communities. These are organizations that seek to contribute to economic and social progress, while promoting environmental conservation.
However, most countries lack a legal figure that recognizes triple impact companies and can differentiate them from the rest of the for-profit and non-profit organizations. As a result, encouraging the creation of businesses that operate under this scheme is particularly complicated.
Argentina launches regulations
After the recent approval of the Entrepreneurs Law in Argentina , legal recognition of triple impact companies and entrepreneurs is now being sought with the BIC Law presented in the National Congress. Triple impact companies today operate as non-profit organizations or commercial companies, without having any of these legal forms, and hence the approval of the BIC Law will be a fundamental advance to support a sector that is transforming the economy.
The BIC Law is a special regime that France Mobile Number List identifies and regulates companies that integrate the creation of economic, social and environmental value into their business. Its importance lies in the fact that these companies, including B Companies, are a key sector to evolve towards a new, more inclusive and sustainable economy.
The positive social and environmental impact is one that implies a benefit of collective interest for society and the environment, taken as a whole. This benefit is produced as a result of the activity carried out by the company or how it is carried out.
Today, triple impact entrepreneurs do not have legal recognition that protects companies and allows the State to promote them. For this reason, it is expected that the National Congress will advance in the approval of the law that will directly benefit social entrepreneurs and SMEs, civil society organizations, impact investors and consumers as a whole.
It is important to mention that this law does not create a new type of company, but rather a special regime applicable to any type of company - existing or established in the future - that chooses to benefit from it.
The BIC Bill will make it possible, for example, for a Public Limited Company (SA). or a Simplified Public Limited Company (SAS) or any of the other legal types provided for in the General Companies Law No. 19,550 becomes a SA “BIC” / SAS BIC The General Companies Law No. 19,550 is not modified or created a new legal type.
What tax benefits does the BIC Law provide? None. The main objective of the law is to identify, recognize and promote enterprises with social and environmental impact. The various benefits will arise from the market and/or from policies that the State can implement through preferential public purchasing programs, easier access to credit or funds, etc.