L3C


Also found in: Financial.
AcronymDefinition
L3CLow-Profit Limited Liability Corporation
L3CL 3 Communications Corporation
References in periodicals archive ?
In fact, we have had to make the difficult decision of removing franchise owners from our system for not abiding by our charitable impact mission as an L3C.
Unlike the L3C, this business is not limited in its pursuit of income or capital appreciation (other than by its obligation to also pursue a social good).
Oneness through Art, L3C is a for-profit, social enterprise venture that has a stated goal of performing a socially beneficial purpose, not maximizing income.
Minnigh, The L3c, History, Basic Construct, and Legal Framework, en Symposium: Corporate Creativity: The Vermont L3C & Other Developments in Social Entrepreneurship, en Vermont Law Review, no.
Benefit Corporation and L3C Adoption: A Survey, STAN.
Just as the L3C embeds socially beneficial purposes into its business structure but maintains the basic partnership form, benefit corporations have socially beneficial purposes embedded within the traditional corporation structure.
investment or loan to an L3C as a PRI automatically, and it appears few
In a nutshell and, it insists, without compromise to operational safety and security, Aerospace One says its L3C model offers air cargo services at competitive rates, high frequencies and low cost in the logistics supply chain.
Cunningham, CEO, ReCitizen, L3C, & Author, ReCivilizing
The $115 million portfolio includes 1,447 apartment units and consists of the following properties: Westchase, Cove West and Cross Creek, renamed Waterfront Crossing upon takeover by L3C, all in Creve Coeur, Mo.
CPAs should remain abreast of L3C legislation and current developments in this area, as well as the intended use of L3Cs for program-related investments and other purposes.