L3C Resources
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PLEASE NOTE:
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interSector Partners, L3C has worked diligently to ensure that all information in our white papers is accurate as of the time of publication and consistent with standards of good practice in the communities within which we work. As research and practice advance, however, standards may change. For this reason, it is recommended that readers evaluate the applicability of any stories, recommendations, quotes or information contained in these papers or this Web site in the light of their particular situations and the potential for changing standards.
 
These papers may address legal, accounting, and financial matters, but do not in any way provide or constitute legal, accounting or financial advice or opinion. Many of the topics in these papers and at this Web site are related to and are potentially significant to tax exempt organizations and associations, and failure to act consistently with Internal Revenue Service rulings or guidance or other applicable law could result in taxability of revenues, loss of tax-exempt status, or other potential unforeseen liability.
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It is strongly recommended that all readers consult their individual professional legal, accounting, financial and any other necessary and/or appropriate advisors and take action only upon receipt of such advice. We disclaim any loss, either directly or indirectly, and assume no liability as a consequence of applying or relying on any of the information contained in these papers or at this Web site.
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Resources:
 
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Basic L3C Primer
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Effective Social Enterprise - A Menu of Legal Structures
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Fifty State Series - L3C and B Corp Legislation Table - UPDATED: September 6, 2017
 
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IRS Proposed Rules REG-144267-11_20120418
Council on Foundations Comments on Proposed REG-144267-11, Examples of Program-Related Investments
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L3C: Will New Business Entity Attract Foundation Investment?
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L3Cs: The Hybrid Way to do Well by Doing Good - FastCompany.com
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L3C or B Corporation: Which Legal Structure Best Promotes the Growth of Social Enterprise?
 
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L3C and the Arts: Understanding the Potential of Low-Profit Limited Liability Companies
Recorded @ Columbia University / November 16, 2012
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Law and Choice of Entity on the Social Enterprise Frontier
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Legal Innovation and Social Entrepreneurship Corporate Formats [Added: January 27, 2013]
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Leveraging the Power of Foundations - An Analysis of Program Related Investing (Added: May 29, 2013)
 
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Model L3C Articles of Organization and Model Operating Agreement - Vermont Compliant
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New Strategies for Leveraging Foundation Assets - An Analysis of Program Related Investing
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OLR Research Report - Low Profit Limited Liability Companies or L3Cs (October 7, 2011)
 
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Program Related Investments – The Rockefeller Foundation
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Reevaluating the L3C: Mistaken Assumptions and Potential Solutions
 
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Seven Ways to Strengthen and Improve the L3C [Added: January 10, 2013]
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STRATEGIES TO MAXIMIZE YOUR PHILANTHROPIC CAPITAL A GUIDE TO PROGRAM RELATED INVESTMENTS
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The L3C: A new business model for socially responsible investing
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The L3C Law_Background & Legislative Issues [Added: January 28, 2013]
 
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The New Double Bottom Line - Entrepreneur.com
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Using New Hybrid Legal Forms: Three Case Studies, Four Important Questions, and a Bunch of Analysis
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Vermont’s Social Hybrid Pioneers: Early Observations and Questions to Ponder
 
Thanks for your interest in the L3C!
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Rick & Caryn
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