Cartoon Guy Holding Stack Of Books

Misnomer

ABC Blocks

A company organized to perform services or engage in activities that benefit the public. unlike a nonprofit, an l3c is operated like a regular profit-making business and is allowed to make a profit as a secondary goal. a small but growing number of states — including illinois, michigan, utah, vermont, and wyoming — have passed legislation allowing l3cs.

Was This Term Helpful?

0 out of 0 found this helpful


Still got a question or concern?

Click here to contact us or go back to the main Glossary page.