The Passing of HB186
In March of 2018 HB186 passed, making Utah one of only four states to allow the registration of both Benefit Corporations (Since 2015) and Benefit LLCs. This new legislation will allow for many more small businesses to stand along side the existing Benefit Corporations and strive to create a better world through business.
We had a chance to hear more details on HB186 from a local expert, Steve Klass the Executive Director of P3 Utah. P3 strives to promote the "3 P's" of business, People, Planet and Profit. Steve and P3 Utah were instrumental in bringing HB186 to the attention of Utah lawmakers and eventually helped lobby to get it passed unanimously.