Читать книгу Single. Women. Entrepreneurs. Second Edition - Erin Albert - Страница 8

Ethical Impact is a low profit limited liability company, or a L3C, which is a business form currently available in around 10 states in the U.S. What is a L3C, how is it different from traditional business models, like a LLC, and why did you choose a L3C as your preferred business model?

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Here is how I describe a L3C: A for profit business is like a car with profit in the driver’s seat. A not for profit business is like a car with mission in the driver’s seat. A L3C is like a car with mission in the front seat, and profit in the back seat. I felt that the L3C business entity type or model created more alignment between the values I espoused and the changes I was trying to make in business.

Single. Women. Entrepreneurs. Second Edition

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