At its most elemental level, the low-profit limited liability company, or L3C, is a cross between a nonprofit and a for-profit. It is a new form of business enterprise that is designed specifically to further a socially beneficial mission, and, in the right circumstances, can qualify as a program-related investment for foundations.
Want to know more? Cass Brewer, a partner at Morris, Manning & Martin in Atlanta, will explain the nuts and bolts of this new kind of for-profit structure with a nonprofit soul. The in-person presentation at the Foundation Center-Atlanta will be followed by a question and answer session for participants. Follow along and ask your questions.
How it Works
Although this in-person program will happen in our Atlanta learning center, we will provide real-time reports on what's being said and done, right here at our blog. In the viewer window below, you can easily submit comments and questions. Our staff will ask posted questions during the program's Q&A session.