An L3C indicates a low-profit,low-liability corporation.

Name: An L3C indicates a low-profit,low-liability corporation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An L3C (Low-Profit Limited Liability Company) indicates a low-profit, limited liability company, not a low-liability corporation. It is designed to bridge the gap between nonprofit and for-profit investing by providing a structure that facilitates investments in socially beneficial, for-profit ventures.

An L3C Indicates a Low-Profit,low-Liability Corporation