This open-access book brings together international experts who shed new light on the status of social enterprises, benefit corporations and other purpose-driven companies. The respective chapters take a multidisciplinary approach (combining law, philosophy, history, sociology and economics) and provide valuable insights on fostering social entrepreneurship and advancing the common good. In recent years, we have witnessed a significant shift of how business activities are conducted, mainly through the rise of social enterprises. In an effort to target social problems at their roots, social entrepreneurs create organizations that bring transformative social changes by considering, among others, ethical, social, and environmental factors. A variety of social enterprise models are emerging internationally and are proving their vitality and importance. But what does the term “social enterprise” mean? What are its roots? And how does it work in practice within the legal framework of any country? This handbook attempts to answer these questions from a theoretical, historical, and comparative perspective, bringing together 44 contributions written by 71 expert researchers and practitioners in this field. The first part provides an overview of the social enterprise movement, its evolution, and the different forms entities can take to meet global challenges, overcoming the limits of what governments and states can do. The second part focuses on the emergence of benefit corporations and the growing importance of sustainability and societal values, while also analyzing their different legal forms and adaptation to their regulatory environment. In turn, the last part presents the status quo of purpose-driven companies in 36 developed and emerging economies worldwide. This handbook offers food for thought and guidance for everyone interested in this field. It will benefit practitioners and decision-makers involved in social and community organizations, as well as in international development and, more generally speaking, social sciences and economics.

Social enterprises represent a new kind of venture, dedicated to pursuing profits for owners and benefits for society. Social Enterprise Law provides tools that will allow them to raise the capital they need to flourish. Social Enterprise Law weaves innovation in contract and corporate governance into powerful protections against insiders sacrificing goals such as environmental sustainability in the pursuit of short-term profits. Creating a stable balance between financial returns and public benefits will allow social entrepreneurs to team up with impact investors that share their vision of a double bottom line. Brakman Reiser and Dean show how novel legal technologies can allow social enterprises to access capital markets, including unconventional sources such as crowdfunding. With its straightforward insights into complex areas of the law, the book shows how a social mission can even be shielded from the turbulence of an acquisition or bankruptcy. It also shows why, as the metrics available to measure the impact of social missions on individuals and communities become more sophisticated, such legal innovations will continue to become more robust. By providing a comprehensive survey of the U.S. laws and a bold vision for how legal institutions across the globe could be reformed, this book offers new insights and approaches to help social enterprises raise the capital they need to flourish. It offers a rich guide for students, entrepreneurs, investors, and practitioners.

Based on consultations with more than 80 experts, policy makers and stakeholders from 10 European countries, this manual explains the rationale behind legal frameworks for social enterprises, identifies the critical factors for legal framework design and recommends actions to ensure legislation fully meets the needs of social enterprises. It lays out the fundamental steps related to the life cycle of legal frameworks and provides options that policy makers can use in the design and implementation process.

Electronic Inspection Copy available for instructors here The emergence of social enterprises over the past 25 years has been an exciting and significant development in the economy at a local, national and international level. How should we understand the growing popularity of social enterprise? Are alternative business models even more relevant in an uncertain business climate? How does Social Enterprise fit into the wider social context? In 12 comprehensive chapters the authors discuss and illustrate both theoretical and practical considerations for the field. The book: - Focuses on different and distinct approaches to Social Enterprise and social economy - Contains comprehensive coverage of employee-owned, cooperative, community and charitable enterprises - Looks at private, voluntary and public sector differences. - Examines managerial issues for social enterprises: strategic thinking, leadership, HRM, governance and globalisation. - Draws on international debates and examples. - Includes extensive learning features such as: summaries, international case studies, reflection boxes, further reading and links to online information about social enterprise projects. - Is accompanied by a companion website with a full instructors’ manual, including PowerPoint slides and extra case studies for lecturers, and access to full-text journal articles for students. Visit the companion website at www.sagepub.co.uk/ridleyduff

In the last two decades social entrepreneurship has grown in energy and impact as entrepreneurial spirit has increasingly turned to finding solutions for social, cultural and environmental issues. As social entrepreneurship has grown in popularity, so too has its academic study. A Research Agenda for Social Entrepreneurship brings together contributions from developing paths in the field to signpost the directions ahead for the study of social entrepreneurship.

In the last two decades, the quest for a widely accepted definition of social enterprise has been a central issue in a great number of publications. The main objective of the ICSEM Project (on which this book is based) was to show that the social enterprise field would benefit much more from linking conceptualisation efforts to the huge diversity of social enterprises than from an additional and ambitious attempt at providing an encompassing definition. Starting from a hypothesis that could be termed "the impossibility of a unified definition", the ICSEM research strategy relied on bottom-up approaches to capture the social enterprise phenomenon in its local and national contexts. This strategy made it possible to take into account and give legitimacy to locally embedded approaches, while simultaneously allowing for the identification of major social enterprise models to delineate the field on common grounds at the international level. Social Enterprise in Central and Eastern Europe – the last volume in a series of four ICSEM-based books on social enterprise worldwide — will serve as a key reference and resource for teachers, researchers, students, experts, policy makers, journalists and others who want to acquire a broad understanding of the social enterprise and social entrepreneurship phenomena as they emerge and develop in this region.

Social enterprises are regarded as a vital solution to the pressing problem of socio-economic inequality and play a crucial role in the delivery of public goods and services. Ernest Lim argues that social enterprises in four leading Asian jurisdictions – India, Hong Kong, Singapore and Malaysia – should have a new legal form. This entails advancing a nuanced and comprehensive framework consisting of five criteria: (1) corporate purpose; (2) directors' duties; (3) decision-making powers; (4) reporting, impact measurement and certification; and (5) distribution of dividends, assets, and tax benefits. This invaluable work demonstrates that the existing legal forms in common law Asia, the UK and the US do not properly address the various conflicts of interest affecting social enterprises. An essential read for those interested in understanding and evaluating the laws and regulations on social enterprises, as well as designing and implementing creative ones to protect and promote these important businesses.

This book draws together themes in business model developments in relation to decentralised business models (DBMs), sometimes referred to as the ‘sharing’ economy, to systematically analyse the challenges to corporate and organisational law and governance. DBMs include business networks, the global supply chain, public–private partnerships, the platform economy and blockchain-based enterprises. The law of organisational forms and governance has been slow in responding to changes, and reliance has been placed on innovations in contract law to support the business model developments. The authors argue that the law of organisations and governance can respond to changes in the phenomenon of decentralised business models driven by transformative technology and new socio-economic dynamics. They argue that principles underlying the law of organisations and governance, such as corporate governance, are crucial to constituting, facilitating and enabling reciprocality, mutuality, governance and redress in relation to these business models, the wealth-creation of which subscribes to neither a firm nor market system, is neither hierarchical nor totally decentralised, and incorporates socio-economic elements that are often enmeshed with incentives and relations. Of interest to academics, policymakers and legal practitioners, this book offers proposals for new thinking in the law of organisation and governance to advance the possibilities of a new socio-economic future.

Social enterprises are businesses with primarily social or environmental purposes designed to create value for the clients of the business, and to reinvest surpluses into the business or community. They serve as social innovation laboratories, and frequently collaborate with governments or other nonprofits to serve their communities and clientele. The chapters in this book discuss the development and flourishing of social enterprises in eight countries around the world, including China, India, Great Britain, the United States and the Czech Republic. Specifically, the authors cover how social enterprises are managed, how they operate with their national and local governments, and the contributions they are making to service delivery and social innovation. Different theoretical lenses are used to assess the roles that social enterprises play in the different countries, and how they relate both to the nonprofit world and their governments. This book will appeal to all students, researchers and scholars who focus on the third sector, social economy, public policy and social enterprise, as well as to intellectual social enterprise leaders and practitioners. The chapters in this book were originally published as a special issue of Public Management Review.

The purchase of this ebook edition does not entitle you to receive access to the Connected eBook on CasebookConnect. You will need to purchase a new print book to get access to the full experience including: lifetime access to the online ebook with highlight, annotation, and search capabilities, plus an outline tool and other helpful resources. Modern cases highlight the legal principles involving parties and situations that are entrepreneurial in nature in this one-of-a kind text. Students are presented with solid doctrine in the various disciplines covered in Entrepreneurship Law and come to understand their interrelatedness. A chronological approach, from the conception of the idea through all stages of the business, includes potential exit strategies such as the sale of the venture or an initial public offering. Hypotheticals, in the form of a running case study based on the authors’ vast experience as practicing attorneys, focus on the very real issues entrepreneurs face. The authors teach at Northwestern Law, well-known for its entrepreneurship course, which is one of the longest-running in the United States. Entrepreneurship Law: Cases and Materials is the only law school casebook of its kind. New to the Second Edition: New cases and readings reflecting changing doctrine in employment law, intellectual property, and securities law (including crowdfunding) Greater attention to social entrepreneurs, including the addition of public benefit corporations, L3Cs, and nonprofits to the chapter on creating an entity Refreshed and updated readings and materials reflecting current trends and practices in financing of entrepreneurial ventures Updates reflecting feedback from current adopters and students in the authors’ course at Northwestern Professors and student will benefit from: Modern cases that highlight the legal principles involving parties and situations that are entrepreneurial in nature Presents solid doctrine in the various disciplines covered in Entrepreneurship Law while also emphasizing their interrelatedness Provides a chronological approach to the subject, from the conception of the idea through all stages of the business, including potential exit strategies such as the sale of the venture or an initial public offering Contains hypotheticals and involved, practice-oriented skills-based problems that focus on actual issues entrepreneurs face that are informed by the authors’ real experiences as practicing attorneys Classroom tested by faculty at multiple law schools. Authors teach at Northwestern Law, well-known for its entrepreneurship course, one of the longest-running in the United States The only law school casebook of its kind Teaching materials Include: Website for adopting faculty with resources including sample syllabi, practice problems, and other curricular materials