fbpx
Home » The Blog » Andy Keller on Creating a Benefit Corporation

Andy Keller on Creating a Benefit Corporation

by Ashlee Tate
0 comment

Andy Keller on Creating a Benefit Corporation

In this interview Andy discusses the intricacies of creating a benefit corporation. Click the link to watch the full video.

To view the transcript of this video, go to https://ashleetate.com/andy-keller-on-creating-a-benefit-corporation-video-transcript/

A benefit corporation is unlike a nonprofit due to two critical factors.

  1. Benefit corporations aim to make a profit.
  2. Benefit corporations are not tax exempt.

Despite the fact that benefit corporations do not operate like a nonprofit, they are still a great opportunity for running a business with purpose. Andy Keller demonstrates that you can change the world without being a nonprofit through his company, ChicoBag.

The first step to starting any purposeful business is finding your passion. For Andy, his passion was eliminating single use waste from landfills and oceans. After seeing hundreds of thousands of bags blowing around, he decided to make a change and found ChicoBag, a reusable shopping bag company that aims to eliminate plastic shopping bags littering the earth. His goal is to leave the earth better than he found it.

However, it isn’t common that you’ll get it right on the first time. Andy’s ChicoBag had a 40% defect rate when they first started shipping out, and were wrapped in plastic during shipping. It took him about 9 months to start selling the bags, and worked multiple jobs to support himself during the process of establishing his company. Now he hs been in business for 14 years, and has won awards for being in the top 10% of the world’s earth-changing corporations.

The Socialife Diaries

Are you ready to join nearly 1000 Purpose Driven Entrepreneurs on a journey to UNLEASH their 'something' amazing?!

The Socialife is a Mindset, Lifestyle & Mission to:

  1. Unleash your BEST life
  2. Align your message
  3. Lead Remarkable Brands
  4. Unleash the power of YOU!

If this sounds like you, come join the tribe! Grab your invitation now!

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More