Florida

Requirements:

  1. A narrative description of the ways the corporation pursued general public benefit and the extent to which the general public benefit was created, any circumstance that hindered the pursuit or creation of general or specific public benefit, and the process and rationale for selecting or changing the third-party standard used to prepare the report.
  2. The name of the benefit director and benefit officer (if any).
  3. The benefit director’s statement.
  4. A statement of any connection between the organization that established the third-party standard (or its directors, officers, holders of more than 5% of governance interests) and the corporation (or its directors, officers, or holders of 5% or more of its shares).
  5. If a benefit director resigned, refused to stand for reelection, or was removed, and the director furnished written correspondence to the holders of more than 5% of the corporation’s shares concerning the circumstances, the correspondence must be included as an exhibit to the annual benefit report.
  6. The benefit report must be prepared in accordance with a third-party standard.  This standard must be applied consistently with any previous application in prior annual benefit reports or is accompanied by an explanation for any inconsistent application or change from prior report.  Businesses often turn to a lawyer for help when preparing this annual report.

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