article thumbnail

What is a Social Enterprise?

Up and Running

For-Profit Entities: L3Cs, or Low-Profit Limited Liability Company. L3Cs, or Low-Profit Limited Liability Companies, are one form of legal structure in the U.S. An L3C is a variation on an LLC, essentially a hybrid form of a nonprofit and for-profit company. that social enterprises can take.

article thumbnail

What is an L3C?

Up and Running

In recent years, socially-minded entrepreneurs have begun testing a new type of business entity: the L3C, or Low Profit Limited Liability Corporation. A low-profit limited liability company, or an L3C, is a legal structure (a variation on a limited liability company or LLC) that is relatively new to the United States.

Vermont 106
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Structures of Social Enterprise

Business Plan Blog

These reports are not required to be assessed by third-parties; however, this will change under California law in January 2012. Formally known as a Low Profit Limited Liability Company , L3C s are legal forms of business corporations that blend non-profit and for-profit investment efforts with a socially beneficial structure.

article thumbnail

Venture Deals 4e German Edition

Feld Thoughts

There have been many different language translations of Venture Deals since it was first published in 2012. Larger companies often convert to the “Aktiengesellschaft” (AG) later, especially if they want to go public. KG companies exist in Germany. Both the GmbH and the AG are corporations. GmbH & Co.

Germany 165
article thumbnail

How To Close The Books on Your Startup

mashable.com

World Featured in US & World Videos Featured: Facebook CES 2012 Awards. January 21, 2012 by Nellie Akalp. If no shares were issued, the Board of Directors must approve to dissolve the company. If you’ve been operating as an LLC, review the dissolution requirements in your state’s LLCA (Limited Liability Company Act).

LLC 68
article thumbnail

How to Start a Brewery Business: The Complete 9 Step Guide (2019)

crowdSPRING Blog

Between 2012 and 2017, the number of craft breweries in the US jumped from 2,420 to 6,266 – that’s an increase of 159%! If you’re interested in a little more protection, an LLC (or Limited Liability Company ) may be a better fit. Craft beer is a growing field. And, the number is still growing.