Social Enterprise
/ˈsoʊʃəl ˈɛntərˌpraɪz/
Definitions
- (n.) A business or organization that applies commercial strategies to maximize improvements in human and environmental well-being rather than maximizing profits for external shareholders.
The social enterprise reinvests its profits to support local community projects.
Forms
- social enterprise
- social enterprises
Related terms
See also
Commentary
Legal definitions may vary by jurisdiction; drafting should clarify the organization's profit distribution and social mission to distinguish from traditional for-profit entities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.