A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
L3Cs were designed to make it easier for socially responsible businesses to attract money from foundations and private investors. 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!
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