Are Social Enterprises Viable Models for Funding Nonprofits?
ASU Lodestar Center
MAY 18, 2016
The two most common are the benefit corporation (B Corp) and the low-profit–limited-liability company (L3C). Benefit corporations, created in Maryland in 2010, differ from L3Cs in that they are required to operate under specific standards set forth by B Lab, itself a nonprofit organization (Powell et al., Clean the World, 2015).
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