Bylaws & Governance
Last updated: May 2026
Corporate Structure
ForCommon is incorporated as a Public Benefit Corporation (PBC). Unlike a standard for-profit corporation, a PBC is legally required to consider its stated public benefit purpose alongside shareholder interests in every decision its directors make.
Public Benefit Purpose
ForCommon’s stated public benefit purpose is to reduce the cost of living for member households by arranging group rates across major household spending categories, launching with cell service and auto/home insurance, with food, healthcare, and housing as partnerships expand. Directors have a fiduciary duty to consider the impact of company decisions on member households when balancing those decisions against shareholder interests.
Membership
Membership is open to any household that agrees to the terms of membership and pays the applicable membership fee. Member rights, responsibilities, and the terms of the ForCommon–member relationship are set out in the Terms of Service.
Governance
ForCommon is governed by a Board of Directors with fiduciary duties under PBC law. The board is responsible for overseeing provider partnerships, membership policies, the company’s progress against its public benefit purpose, and the strategic direction of the company.
Public Benefit Reporting
As a Public Benefit Corporation, ForCommon will publish a periodic benefit report describing the company’s progress against its stated public benefit purpose. Reports will be made available on this page once published.
Updates
The full corporate bylaws are maintained as a separate governing document and will be made available here in their final form. For specific questions about ForCommon’s structure or governance, please contact hello@forcommon.com.