An L3C is typically used for what type of ventures?
A) Startup Corporations before they start making profit
B) Public organizations such as high schools
C) Socially beneficial, for-profit ventures
D) Non-profit organizations

Question

Quizplus · Accepted Answer

L3Cs are low-profit limited liability companies, designed for socially beneficial, for-profit ventures. They are intended to blend the advantages of traditional for-profit businesses with the benefits of non-profit organizations.

An L3C Is Typically Used for What Type of Ventures