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. Though L3Cs are socially conscious, they’re not tax-exempt , and donations and investments are not tax-deductible. The federal jurisdictions of the Crow Indian Nation of Montana, the Oglala Sioux Tribe, the Navajo Indian Nation and Puerto Rico.
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