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

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Other examples have included farmers’ markets, newspapers, law groups and art centers. As of December 2015 , L3Cs are only recognized in 10 states, three tribes and the territory of Puerto Rico, so if you are building your organization in one of the following places, yes you can! The federal jurisdictions of the Crow Indian Nation of Montana, the Oglala Sioux Tribe, the Navajo Indian Nation and Puerto Rico.