A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
Though L3Cs are socially conscious, they’re not tax-exempt , and donations and investments are not tax-deductible. If you’re starting an organization with a strong charitable purpose and limited earning potential, an L3C might work for you as an alternative to a nonprofit. North Dakota. Rhode Island. All in all….
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