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. This is one of the requirements for L3Cs the law puts forth for this business model. 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.
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