A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
L3Cs were designed to make it easier for socially responsible businesses to attract money from foundations and private investors. 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. In essence, it operates to better social welfare in some way.
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