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. 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?
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