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

NonProfit Hub

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

Connection Cafe

Many wills and trusts are still written with quite formal language and might be similar to this example: “ I give, bequeath, and devise the sum of fifty-thousand dollars ($50,000) to Middletown Library, located at 123 Main Sreet, Middletown, Wyoming. A percentage amount, such as “.