A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
As of April 2016 , legislation is being reviewed and enacted in 26 other states to recognize L3Cs as a legal entity, potentially opening the option to a total number of 34 states nationwide, if you’re keeping track. And now the million dollar question: is this business model right for my organization? North Dakota. Rhode Island.
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