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. Rhode Island. Since the first American L3C was started only in 2008, this concept is relatively new to the business and legal world. North Dakota.
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