A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
In this blend, an L3C is a private organization that does earn profits, but only so that it can conduct business to help a certain cause. Since the first American L3C was started only in 2008, this concept is relatively new to the business and legal world. In essence, it operates to better social welfare in some way. North Dakota.
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