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. With that being said, it is an option to file as an L3C in one of the above locations then qualify it as a foreign entity for your desired state. This is one of the requirements for L3Cs the law puts forth for this business model.
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