Topics include, but are not limited to: synthetic and systems biology, urban planning and economics, politics, craft beer, and bicycles. Caveat lector.
Catching Elephant is a theme by Andy Taylor
The L3C: Low-profit Limited Liability Company
The details:North Dakota and Utah have since signed the L3C into law as well. Illinois, Arkansas, and Maine are likely to do the same. More resources here. Thanks Deborah!The low-profit, limited liability company, or L3C, is a hybrid of a nonprofit and for-profit organization. More specifically, it is a new type of limited liability company (LLC) designed to attract private investments and philanthropic capital in ventures designed to provide a social benefit. Unlike a standard LLC, the L3C has an explicit primary charitable mission and only a secondary profit concern. But unlike a charity, the L3C is free to distribute the profits, after taxes, to owners or investors.
Although Vermont currently remains the only State to authorize the L3C, it has national applicability because L3Cs formed in Vermont can be used in any State or Territory.
