benefit corporation Tag

27 Jun What is a Benefit Corporation – Utah Sustainable Green Business

Most people know that there are privately and publicly held companies, non-profits, LLCs (or limited license companies), INCs (incorporated), etc. While non-profits are their own separate type of business that is taxed and reviewed differently, with a much different business goal than other for-profit companies, even for-profit companies have  their own different classifications. Most companies like LLCs are known as S Corps, but there are also C Corps. Most of these distinctions have to do with how the business is taxed. However, there is a separate, and we believe and more distinctive, designation that companies in Utah may now be classified as. A Benefit Corporation. Several years ago, SB 133 was signed into law allowing Utah businesses to change their business designation to that of a benefit corporation - LUX Catering & Events was one of the first 13 businesses to jump aboard and take advantage of the new law and change our status from and S-Corp to a Benefit Corporation. What is a benefit corporation - with LUX Catering & Events, Utah's premier sustainable caterer and event planners

So, what exactly is a Benefit Corporation?

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18 Jul LeCroissant Catering & Events 2015 Benefit Corporation Report

LeCroissant Catering & Events is honored and proud to be one of the few businesses in Utah registered as a Benefit Corporation. But what is a Benefit Corporation you ask? Let us explain a little....

What is a Benefit Corporation?

A benefit corporation is a newer classification of business here in Utah that aims to not only be in business for profit, but also to be transparent and accountable to the local community and the environment. "The purpose of a benefit corporation is to create general public benefit, which is defined as a material positive impact on society and the environment." Lux Catering and Events was one of the first out of 13 businesses here in Utah to immediately sign up for Benefit Corporation status when SB 133 was signed into law in 2014. Lux Catering and Events has been happy and proud to be one of the few Benefit Corporations and green catering businesses in Utah since the beginning!
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16 Oct World Food Day – Let’s End Hunger

October 16th marks World Food Day - a day to put into the social focus the need to band together to end hunger in our lifetime! Here are 5 key facts you should know about hunger:
  • One in nine people on Earth do not have enough food to lead an active, healthy life – around 795 million people.
  • Although Asia is the continent with the most hungry people – around two-thirds of the total, Sub-Saharan Africa is the region with the highest prevalence (percentage of the population) of hunger. One person in four in the African continent is undernourished, according to the World Food Programme.
  • Poor nutrition causes nearly half of all deaths (45%) in children under the age of five – which is around 3.1 million children every year.
  • If women farmers had the same access to resources as men, the number of hungry in the world could be reduced by up to 150 million, according to the WFP.
  • According to the Global Hunger Index, 52 countries are suffering from "serious" or "alarming" levels of hunger, of which the Central African Republic suffers the greatest level of hunger (which is defined by a number of factors, including child mortality).
Source: World Food Programme Sometimes, these statistics seem overwhelming; too big of a problem for any one person to solve. And you would be right; for one person, this global problem is too big. But luckily, and especially on days like today, we don't have to do it alone. As they say "Many hands make light work". By coming together to address world hunger, we can inch closer and closer to a solution. One way we at Lux Catering and Events try to add our hands to solving this problem is by donating our services and products to Volunteers of America, who provide food and nutrition services across the nation among many other services for those in need.
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