Who is the L3C Entrepreneur?

What is the story behind the L3C? Who are the players? What kind of organizations are being formed as L3Cs and why?

In early 2010, interSector Partners, L3C interviewed and surveyed dozens of people around the country who have a vested interest in the L3C—who have either formed an L3C, plan to form one in the future, or work closely with L3Cs as lawyers or accountants. With L3C legislation in the works around the country the momentum is building; it’s a key time to see what is really going on at the grassroots, ground level. We are taking a journalistic approach to tell the stories behind the L3C movement; to bring color and life to a simple, yet still widely unfamiliar business structure that has a significant and game changing potential.

L3C entrepreneurs come from different backgrounds, and their business concepts are just as varied. Some are focused on ameliorating specific causes, in tangible manners such as building compost facilities to saving community newspapers to renovating foreclosed homes. Others are taking on far more vague and complicated applications; from a wide variety of socially responsible consulting endeavors to building scalable models to solve community problems, such as programs for helping low-income entrepreneurs to creating models for urban agriculture.

These inspiring, innovative social entrepreneurs shared their stories with interSector Partners. From them we learned:

• How they structured their L3Cs within existing structures or as stand-alone enterprises
• Their motivations for choosing the L3C and their passion for the hybrid structure
• The hurdles they’ve faced and their concerns about the future of the L3C
• That they take their role in the L3C movement and educating others very seriously
• Their vision for the future of the L3C and the larger conversation around convergence

Please register below to download your copy and read the stories of these entrepreneurs and learn more about the future of the L3C. And please rest assured, we will not share your contact information with anyone for ANY reason.

Thank you for your interest in the L3C!