A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
Though the IRS has allowed for certain L3Cs to exist as legal entities, it has not yet confirmed that L3Cs as a whole can be official recipients of foundation dollars, so there is the risk of donor hesitation to invest until that happens. North Dakota. Rhode Island.
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