A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
Other examples have included farmers’ markets, newspapers, law groups and art centers. To become an L3C, you must meet the requirements of a program-related investment (PRI), which is an investment a foundation legally makes in a for-profit organization to support philanthropic activities that might hold the potential for return.
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