District Of Columbia § 29-1304.01 - Annual benefit report.
Full text of District Of Columbia D.C. Code § 29-1304.01 — Annual benefit report., with citation guidance and answers to common questions.
§ 29-1304.01. Annual benefit report.
29-1304.01A benefit corporation shall prepare an annual benefit report including all of the following:
A narrative description of:
The process and rationale for selecting the third-party standard used to prepare the benefit report;
The ways in which the benefit corporation pursued general public benefit during the year and the extent to which general public benefit was created;
The ways in which the benefit corporation pursued a specific public benefit that the articles of incorporation state it is the purpose of the benefit corporation to create; and
The extent to which that specific public benefit was created; and
Any circumstances that have hindered the pursuit or creation of the general public benefit purpose and any specific public benefit purpose.
An assessment of the overall social and environmental performance of the benefit corporation against a third-party standard:
Applied consistently with the application of that standard in prior benefit reports; or
If the third-party standard was not applied consistently, an explanation of the reasons for any inconsistent application.
The name of the benefit director and the benefit officer, if any, and the address to which correspondence to each of them may be directed.
The compensation paid by the benefit corporation during the year to each director in the capacity of a director.
The name of each person that owns 5% or more of the outstanding shares of the benefit corporation either:
Beneficially, to the extent known to the benefit corporation without independent investigation; or
Of record.
The statement of the benefit director described in .
A statement of any connection between the organization that established the third-party standard, or its directors, officers, or material owners, and the benefit corporation or its directors, officers, or material shareholders, including any financial or governance relationship which might materially affect the credibility of the use of the third-party standard.
If the benefit corporation has dispensed with or restricted the discretion or powers of the board of directors, a description of:
The persons that exercise the powers, duties, and rights and have the immunities of the board of directors; and
The person with the powers, duties, and rights of a benefit director if required by .
A benefit corporation shall annually send a benefit report to each shareholder:
Within 120 days following the end of the fiscal year of the benefit corporation; or
At the same time that the benefit corporation delivers any other annual report to its shareholders.
A benefit corporation shall post all of its benefit reports on the public portion of its website, if any, but the compensation paid to directors and financial or proprietary information included in the benefit reports may be omitted from the benefit reports as posted.
If a benefit corporation does not have a website, the benefit corporation shall provide a copy of its most recent benefit report, without charge, to any person that requests a copy.
The benefit corporation shall deliver a copy of the benefit report to the Mayor for filing when filing the biennial report required by , but the compensation paid to directors and financial or proprietary information included in the benefit report may be omitted from the copy of the benefit report that is delivered to the Mayor.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-1304.01
What does D.C. Code § 29-1304.01 cover?
Section 29-1304.01 ("Annual benefit report.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 29-1304.01?
A common citation format is "D.C. Code § 29-1304.01" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 29-1304.01 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.