A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)
NonProfit Hub
JUNE 1, 2017
Other examples have included farmers’ markets, newspapers, law groups and art centers. This is one of the requirements for L3Cs the law puts forth for this business model. Though L3Cs are socially conscious, they’re not tax-exempt , and donations and investments are not tax-deductible. Can I start an L3C? North Dakota.
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