Flexible purpose corporation

A flexible purpose corporation (Social purpose Corporation-SPC-In CA) is a class of corporation in California lacking a profit motive when pursuing a social benefit defined in its charter. A flexible purpose corporation differs from a Benefit corporation in that it targets for-profit entities seeking traditional capital market investment. A flexible purpose corporation (Social purpose Corporation-SPC-In CA) is a class of corporation in California lacking a profit motive when pursuing a social benefit defined in its charter. A flexible purpose corporation differs from a Benefit corporation in that it targets for-profit entities seeking traditional capital market investment. Flexible purpose corporations were established in California S.B 201, which was signed into law on October 9 and became effective January 1, 2012.