parallel

Parallel is a name chosen to evoke the fact that legal advice must be connected to the operational issues and constraints of companies.

Business and law cannot be dealt with separately.

Understandable in many languages, Parallel also refers to the coexistence of traditional companies and innovative businesses, each of which can take advantage of the industrial revolution we are experiencing, provided they master their legal environment and anticipate its evolution.

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Becoming a public benefit corporation

Operating a digital service that accompanies the moment of the loss of a loved one, inmemori requested Parallel Avocats’s assistance to become a public benefit corporation (société à mission).

inmemori, whose essential mission is to enable the greatest number of people affected by a situation of bereavement to support each other wanted to formalize the company’s pursuit of a social impact mission.

Parallel Avocats assited inmemori in becoming a public benefit corporation (société à mission), a new corporate status resulting form the law n°2019-486, adopted on May 22, 2019 (also known as « loi Pacte »), allowing French corporations to state in their bylaws the company’s essential mission (raison d’être) as well as the public benefit goals it pursues and takes into account in the conduct of its activities.

Having become a public benefit corporation, inmemori’s corporate form now allows the company to balance the goals of having a positive impact on society and providing a competitive return to stockholders. This corporate form also allows inmemori to publicly state that the company is promoting a public benefit.

Clémentine Piazza

CEO of inmemori

“

« inmemori finds its origin in the essential mission of our company which consists in paying homage to each life lived. Thanks to the expertise of Parallel Avocats, we were able to adopt a legal structure aimed at affirming our mission and ensuring its proper execution, in perfect consistency with the economic performance of the company ».