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. 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.
41 
Let's personalize your content