What is an L3C?

Posted by on Mar 5, 2014 in Social Enterprises

The L3C is a hybrid of a “for profit” and nonprofit organization, and has characteristics of each.

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What is a B-Corp? What is a Benefit Corporation? What’s the difference?

Posted by on Mar 4, 2014 in Social Enterprises

The B Corporation (or “B Corp”) is a relatively new certification and a way for entrepreneurs to identify their business as something more than just a for-profit endeavor. These social entrepreneurs want to use their business to do good and solve social and environmental problems. B Corp status is a certification process from a third-party business that recognizes the company’s commitment to certain sustainable practices. This is different from a Benefit Corporation.

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Doing Good and Making a Profit: Benefit Corporations

Posted by on Jun 17, 2013 in Social Enterprises

Rise of the Benefit Corporation

A new type of for-profit corporation accommodates entrepreneurs that want to pursue social good, environmental stewardship and fair employment treatment in addition to profits. The benefit corporation differs from a traditional corporation in regards to its purpose, accountability and transparency.

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IRS Tea Party Targeting Scandal

Posted by on May 14, 2013 in Nonprofit News, Taxes & Tax-Exempt

The IRS apologized Friday for what it acknowledged was “inappropriate” targeting of conservative political groups in the process for applying for tax-exempt status. Details of the scandal emerged from excerpts of an investigative report...

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