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. L3Cs were designed to make it easier for socially responsible businesses to attract money from foundations and private investors. In essence, it operates to better social welfare in some way.
41 
Let's personalize your content