{"id":581,"date":"2011-04-13T14:00:34","date_gmt":"2011-04-13T14:00:34","guid":{"rendered":"http:\/\/www.artstrategies.org\/tools\/readinglist\/?p=581"},"modified":"2011-04-13T14:00:34","modified_gmt":"2011-04-13T14:00:34","slug":"a-new-type-of-hybrid","status":"publish","type":"post","link":"https:\/\/www.artsjournal.com\/fieldnotes\/2011\/04\/a-new-type-of-hybrid\/","title":{"rendered":"A New Type of Hybrid"},"content":{"rendered":"<p>In an article in the Spring 2011 <em>Stanford Social Innovation Review<\/em>, the author (an attorney) explores the shortcomings for the social entrepreneur of traditional commercial and non-profit models. He is quick to point that hybrids are nothing new and examines relevant facets of many existing models: B corporation, benefit corporation and low-profit limited liability company (L3C). Of note is  that the models are all accorded different levels of recognition by Federal and state authorities and one (B corporation) isn&#8217;t a legal status at all, but a brand. He introduces the &#8216;contract hybrid,&#8217; a model that is in effect a single structure (with multiple components) that can operate as both a for-profit and a nonprofit.<\/p>\n<p><em>&#8230;businesses and nonprofits are fundamentally single-purpose entities. Although the law allows them to stretch toward each other, a complete synthesis is not possible, and the further each model is stretched, the more legally uncertain the venture becomes&#8230;What makes the contract hybrid different is the degree to which the goals, objectives, and strategies of the nonprofit and the business are coordinated to serve mutual interests&#8230;they are tied together in a way that allows the whole structure to leverage the strengths of each organization.<\/em><\/p>\n<p><a href=\"http:\/\/www.ssireview.org\/articles\/entry\/a_new_type_of_hybrid\/\">A New Type of Hybrid<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an article in the Spring 2011 Stanford Social Innovation Review, the author (an attorney) explores the shortcomings for the social entrepreneur of traditional commercial and non-profit models. He is quick to point that hybrids are nothing new and examines relevant facets of many existing models: B corporation, benefit corporation and low-profit limited liability company [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[136],"tags":[196,347,382,422],"coauthors":[34],"class_list":{"0":"post-581","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-reading-list","7":"tag-business-models","8":"tag-legal-structure","9":"tag-organization-design","10":"tag-social-entrepreneurship","11":"entry"},"_links":{"self":[{"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/posts\/581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/comments?post=581"}],"version-history":[{"count":0,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/posts\/581\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/media?parent=581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/categories?post=581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/tags?post=581"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/coauthors?post=581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}