The Benefits of Investing in Low-Profit Limited Liability Companies by Not-for-profit Organization

Authors

  • Valeriya Avdeev William Paterson University of New Jersey
  • Hannah Wong William Paterson University of New Jersey

DOI:

https://doi.org/10.15168/tslr.v1i1.180

Keywords:

Business Organizations, L3C, Private Foundations, Investment in PRIs

Abstract

A Low-Profit Limited Liability Company, or an L3C, is a dynamic entity that statutorily combines such competing characteristics as a social purpose and profit generation. Although not all states have statues allowing the creation of L3Cs, the entity has proven to be quite popular, especially in the non-for-profit and social enterprise arenas. Presently, there are about 1,000 of L3Cs in operation in the United States.1 This article discusses L3C entities which were specifically designed to increase the number of program-related investments that private foundations make to such social-purpose businesses.

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Published

31.03.2019

How to Cite

Avdeev, Valeriya, and Hannah Wong. 2019. “The Benefits of Investing in Low-Profit Limited Liability Companies by Not-for-Profit Organization”. Trento Student Law Review 1 (1). Trento, Italy:105-17. https://doi.org/10.15168/tslr.v1i1.180.

Issue

Vol. 1 No. 1 (2019)

Section

Articles

License

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