L3C

{
  "id": "MLC-T-LAW-002902",
  "term": "L3C",
  "field": "Law",
  "definition": "A Low-Profit Limited Liability Company, a hybrid business entity designed to bridge the gap between non-profit and for-profit organizations. Its primary purpose is to achieve a social or charitable mission rather than maximizing profit, while still being able to accept program-related investments from foundations. This structure is recognized in a limited number of U.S. states.",
  "url": "https://mlchart.com/terminology/law/l3c/"
}