Social Enterprises and Benefit Corporations in Argentina

Abstract

AbstractArgentina has no specific legislation on social enterprises or benefit corporations. Notwithstanding, there exist legal forms of organization that can be considered to be the former, and we have begun to see the latter emerge. This chapter considers the BIC (Benefit and Collective Interest) Companies bill passed in 2018 by the Chamber of Representatives of the Argentine Congress, which was moved to the Senate to complete its enactment process. However, since the bill was not discussed by this second Chamber within the period stipulated by the law, it had to be reintroduced in Congress. Two new bills were submitted that reproduce the previous bill’s text with some minor changes. Both are currently undergoing the corresponding legislative process. This review examines the bill passed by the Chamber of Representatives, the innovations included in the two subsequent bills, and the emergent experience of existing benefit corporations.