Inspired by the growing trend in Social entrepreneurship across industries, states are passing legislation allowing for new and alternative corporate structures.  The L3C has been growing in popularity and now we are starting to see “benefit corporation” legislation.  This legislation is inspired by the...

Inspired by the growing trend in Social entrepreneurship across industries, states are passing legislation allowing for new and alternative corporate structures.  The L3C has been growing in popularity and now we are starting to see “benefit corporation” legislation.  This legislation is inspired by the...

The L3C or Low Profit Limited Liability Company is a relatively new form of the LLC (Limited Liability Company), that, for now, is only known about and talked about by its advocates, but is quickly spreading across the nation and becoming a revolutionary new way of doing business. 

The L3C differs from the LLC in that the primary purpose of the L3C cannot be to make a profit, but rather the purpose of the business must be to achieve a social benefit, with profit as a secondary or...

The L3C or Low Profit Limited Liability Company is a relatively new form of the LLC (Limited Liability Company), that, for now, is only known about and talked about by its advocates, but is quickly spreading across the nation and becoming a revolutionary new way of doing business. 

The L3C differs from the LLC in that the primary purpose of the L3C cannot be to make a profit, but rather the purpose of the business must be to achieve a social benefit, with profit as a secondary or...