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Allagash becomes Maine’s First Benefit Corporation

Allagash Benefit Event

Verrill helped Allagash Brewing Company become Maine’s first benefit corporation, filing the brewery’s documentation the same morning that the state’s benefit corporation statute went into effect. The legal designation of benefit corporation amplifies Allagash’s already strong commitment to its community and the environment, and makes the it the 14th brewery in the United States to achieve the status.

A benefit corporation is a for profit entity that, by statute, exists not only to profit its shareholders, but also to benefit the general public in some way. In other words, benefit corporations’ directors are permitted by statute to make decisions that are not solely or even primarily in the interest of returning profits to shareholders, but are instead to further some public benefit. For more information and to learn if a benefit corporation is right for you, click here.

Firm Highlights

Publication/Podcast

Using Legal Project Management in Merger and Acquisition and Joint Venture Transactions, Third Edition

Dennis J. White co-edited the 2021 American Bar Association publication entitled Using Legal Project Management in Merger and Acquisition and Joint Venture Transactions: A Guidebook for Managing Deals More Efficiently and Effectively, Third Edition...

News

Verrill Welcomes Associates Rachel A. Deering, Anna Mikhaylina, Derek Rocha, and Lea Silverman

News

Verrill Attorney Christopher Smith Quoted in Mainebiz Article on Mergers and Acquisitions in Maine

Verrill Attorney Christopher Smith was recently quoted in the Mainebiz article "' Frothy' economy seen driving Maine M&A activity in 2022 ." In the article, which discusses the forward momentum of mergers and acquisitions...

News

31 Verrill Attorneys, Across Four Offices, Recognized in 2022 Chambers & Partners Guide

News

Verrill Attorney Tom H. Wilkeson Elected as Secretary of the Connecticut Bar Association’s Business Law Section

WESTPORT, Conn. (July 5, 2022) Verrill attorney Tom H. Wilkeson was recently elected as Secretary of the Connecticut Bar Association’s Business Law Section for a two-year term. Wilkeson will be joining Ken Lerman as...

Publication/Podcast

Connecticut’s new privacy law: What you need to know

As part of its growing privacy practice, Verrill is pleased to share this advisory on Connecticut’s new privacy law. Verrill is pleased to offer a sophisticated range of privacy and cybersecurity services. On May...

News

Cheryl Johnson Featured in Law360 Pulse Article

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