low-profit limited liability company

low-profit limited liability company
(L3C)
A company organized to perform services or engage in activities that benefit the public. Unlike a nonprofit, an L3C is operated like a regular profit-making business and is allowed to make a profit as a secondary goal. A small but growing number of states — including Illinois, Michigan, Utah, Vermont, and Wyoming — have passed legislation allowing L3Cs.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc. → Introduction to Business Structures

Nolo’s Plain-English Law Dictionary. . 2009.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Low-Income Housing Tax Credit — The Low Income Housing Tax Credit (LIHTC; often pronounced lye tech ) is a tax credit created under the Tax Reform Act of 1986 (TRA86) that gives incentives for the utilization of private equity in the development of affordable housing aimed at… …   Wikipedia

  • United Kingdom company law — Beside the River Thames, the City of London is a global financial centre. Within the Square Mile, the London Stock Exchange lies at the heart of the United Kingdom s corporations. United Kingdom company law is the body of rules that concern… …   Wikipedia

  • Joint stock company — A joint stock company (JSC) is a type of business entity: it is a type of corporation or partnership. Certificates of ownership or stocks are issued by the company in return for each contribution, and the shareholders are free to transfer their… …   Wikipedia

  • Joint-stock company — A joint stock company (JSC) is a type of corporation or partnership involving two or more individuals that own shares of stock in the company. Certificates of ownership ( shares ) are issued by the company in return for each financial… …   Wikipedia

  • Dutch East India Company — This article is about the trading company. For the record label, see Dutch East India Trading. Dutch East India Company Former type Public company Industry Trade …   Wikipedia

  • Maine's Own Organic Milk Company — Maine s Own Organic Milk Company, L3C, LLC Founded 2009 Headquarters Augusta, Maine, USA Products MOOMilk Dairy products Maine’s Own Organic Milk Company, or MOOMilkCo, is a partly farmer owned l …   Wikipedia

  • Corporation — This article is about business corporations. For other uses, see Corporation (disambiguation). Corporate redirects here. For the Bollywood film, see Corporate (film). A corporation is created under the laws of a state as a separate legal entity… …   Wikipedia

  • L3C — A low profit limited liability company (abbreviated L3C) is a legal form of business entity that was created to bridge the gap between non profit and for profit investing by providing a structure that facilitates investments in socially… …   Wikipedia

  • Marc J. Lane — Born August 30, 1946(1946 08 30) Nationality American Alma mater Northwestern University School of Law …   Wikipedia

  • Impact investing — A ce jour, il n’y a pas d’équivalent du terme Impact Investing en français. Dans un souci de rigueur, il nous a semblé préférable de conserver le terme anglo saxon et cela jusqu’à ce qu’un terme français apparaisse et soit reconnu par l’ensemble… …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”