Initiatives
Structure Q&A: Corporate Forms
Is an L3C
right for you? >>
An L3C is a "low-profit limited liability company" that attempts to address a need for a for-profit corporate form for socially-responsible businesses by including non-profit IRS language in its operating agreement. The L3C structure was designed to take advantage of a variety of revenue streams and allows for clear "branding" as a social venture, but legally they remain largely untested. In Structure Lab, we explore L3Cs and other new forms, discuss the potential benefits and pitfalls, and also review ways to update older corporate forms to serve mission-driven enterprises.
Return to Structure Q&A >>
Learn more about the Structure Lab experience >>
Register for a Structure Lab >>
An L3C is a "low-profit limited liability company" that attempts to address a need for a for-profit corporate form for socially-responsible businesses by including non-profit IRS language in its operating agreement. The L3C structure was designed to take advantage of a variety of revenue streams and allows for clear "branding" as a social venture, but legally they remain largely untested. In Structure Lab, we explore L3Cs and other new forms, discuss the potential benefits and pitfalls, and also review ways to update older corporate forms to serve mission-driven enterprises.
Return to Structure Q&A >>
Learn more about the Structure Lab experience >>
Register for a Structure Lab >>
