What is an L3C?
An L3C, or "low-profit limited liability company" is a for-profit company where the investors accept limited dividends. (Source: panelist Sy Rotter)
But Really, What is It?
Effective Social Enterprise - a Menu of Legal Structures, by Robert A. Wexler, from The Exempt Organization Tax Review, June 2009.
To L3C or Not to L3C? That was the Question, by Richard Marker, February 2013.
The L3C, Background & Legislative Issues, by Robert Lang, January 2013.
I am tremendously grateful to Sy Rotter (Washington Liaison Office LLC), Dr. Paul Melendez (UA Eller College of Managementopens a new window), Priscilla Mendenhall (Dishes and Stories), Michelle Lutz (Custos Fratris), Meredith Aronson, and Elizabeth Alvarez del Castillo for sharing their time and expertise on our Nov. 21, 2013 Catalyst Café panel.
Originally published November 2013.