article thumbnail

What is a Social Enterprise?

Up and Running

An excellent example of a social enterprise is The Empowerment Plan —an organization that hires people currently living in homeless shelters to create a combination winter coat, sleeping bag, and over-the-shoulder bag, which is then distributed to the homeless of Detroit free of charge. Here in the U.S. that social enterprises can take.

article thumbnail

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

crowdSPRING Blog

In fact, the craft beer community is an unusually welcoming one. The community shares information, ideas, and encouragement, making craft beer one of the most welcoming industries for newbies. If you’re passionate about beer, and you’re ready to join the craft beer community, you’re in the right place.

Insiders

Sign Up for our Newsletter

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

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
article thumbnail

How To Close The Books on Your Startup

mashable.com

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). Otherwise, members of the LLC can be held liable for debts of the company after it’s been dissolved.

LLC 68
article thumbnail

5 Critical Tips to Reduce Your Business Taxes This Year [WEBINAR]

Up and Running

” If you see here in the graphic, the LLC, which is a limited liability company, many of you are probably set up in that format. The advantage there is that we can designate part of their net profit that they can distribute to the owner as either tax-free distributions, or as owner salary. Where am I?

.Net 85