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A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)

NonProfit Hub

An L3C, though, is a hybrid of an LLC and nonprofit business model, which is where an organization operates to benefit the general public without shareholders and without a profit motive. Other examples have included farmers’ markets, newspapers, law groups and art centers. Can I start an L3C? North Dakota. Rhode Island. All in all….

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Preparing for Planned Giving Conversations—24 Terms You Need to Know

Connection Cafe

Because of the non-binding nature of the intention, however, it’s most wise to provide benefits that are either of no cost or low cost, such as listing donors in acknowledgement publications, sending them special invitations or advance notices for organizational activities, or perhaps giving them a token thank-you gift.