A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
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. 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. You would complete this process in the same way that businesses file across state lines for tax and fee purposes. . So you want to start an organization that benefits a specific cause. Great!