Up and Running
AUGUST 6, 2014
L3Cs were first formed in 2008, and are currently only legal in Illinois, Kansas, Louisiana, Maine, Michigan, North Dakota, Rhode Island, Utah, Vermont, and Wyoming, as well as the federal jurisdictions of the Crow Indian Nation of Montana, and the Oglala Sioux Tribe. B corp, or Benefit Corporation. Given that of all existing U.S.
online.wsj.com
SEPTEMBER 23, 2012
based companies initially funded by venture capital between 2006 and 2011, 84% now are closely held and operating independently, 11% were acquired or made initial public offerings of stock and 4% went out of business, according to Dow Jones VentureSource. Languishing businesses were counted as survivors. Of the 6,613 U.S.-based North Dakota.
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