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A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)

NonProfit Hub

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. Other examples have included farmers’ markets, newspapers, law groups and art centers. This is one of the requirements for L3Cs the law puts forth for this business model. Can I start an L3C?