A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
An L3C, though, is a hybrid of an LLC and nonprofit business model, which is where an organization operates to benefit the general public without shareholders and without a profit motive. Other examples have included farmers’ markets, newspapers, law groups and art centers. Can I start an L3C? Rhode Island. Should I start an L3C?
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