Ryte Launches As The First Benefit Corporation In The Direct Sales Industry
Ryte is honored to launch as the first Benefit Corporation in the Direct Sales industry. Ryte is a giving company, and offers its Members the opportunity to live an active, healthy lifestyle and at the same time give back to causes, people, and programs they are passionate about.
Ryte’s product lineup is designed to help in areas where most people struggle, including energy, weight loss, mood, relaxation, and sleep (www.ryte.com).
Benefit Corporations are a new class of corporation that are legally required to 1) create a material positive impact on society and the environment; 2) meet higher standards of accountability and transparency; 3) provide consideration to the interests of workers, the community and the environment and; 4) publicly report on overall social and environmental performance each year.
“We feel very strongly that corporations should give back and make a positive impact on society. When I learned about Benefit Corporations it aligned with my beliefs about how a company should act, and provided the perfect platform to launch a massive giving movement,” said Founder, CEO, & Chief Giving Officer, Jeff Wilson.
“We couldn’t be prouder to be the first Benefit Corporation in our industry, and to be a part of the growing movement of social responsibility.”
Founder and Chief Marketing Officer, Riley Schaugaard said, “Choosing to be a Benefit Corporation really lets us stay true to our ideals and values. We want to make a difference and be different. We have been inspired by companies outside of our industry like Patagonia, Toms, Warby Parker, Ben & Jerry’s, and other mission-driven companies. Being a Benefit Corporation holds us to a higher standard, and we welcome it.”
“The Direct Sales model is so powerful and so attractive because it brings people together that have similar values and goals,” said Founder and Chief Sales Officer, Dave Stewart. “We want to take all the good that our industry brings and do that much more by getting people together that not only want to help themselves, but help others too. Imagine the power of tens of thousands of people coming together for the common cause of doing good.”
27 states have now passed laws creating this new class of corporation, including Utah, California, New York, Delaware, Pennsylvania, and Colorado, with more states currently working towards this. Legislation has been met with strong support in every state.
More About Ryte
Ryte wants to help people reach their personal best and offers a complete wellness system that includes healthy eating, active lifestyle, and nutritional supplementation. We exist to make a difference and want to help others to do the same.
If you are interested in learning more about Ryte, visit us as at www.ryte.com, or call 801-871-3991. You can also contact the Ryte Founders via email at [email protected], [email protected], and [email protected].