A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
Though L3Cs are socially conscious, they’re not tax-exempt , and donations and investments are not tax-deductible. 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! Can I start an L3C?
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