A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
In this blend, an L3C is a private organization that does earn profits, but only so that it can conduct business to help a certain cause. Though L3Cs are socially conscious, they’re not tax-exempt , and donations and investments are not tax-deductible. In essence, it operates to better social welfare in some way. Can I start an L3C?
41 
Let's personalize your content