A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
Other examples have included farmers’ markets, newspapers, law groups and art centers. Rhode Island. Since the first American L3C was started only in 2008, this concept is relatively new to the business and legal world. This is one of the requirements for L3Cs the law puts forth for this business model.
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