MLchartDataset catalogue

Low-profit limited liability company

Term · Law · MLC-T-LAW-003104

A hybrid business entity, designated as an L3C, that combines the legal and tax flexibility of a limited liability company with a primary charitable or educational mission. Unlike traditional LLCs, an L3C's primary purpose is to achieve a social benefit rather than maximize profit, though it can still generate revenue. This structure is designed to attract program-related investments from foundations.

Table 1. Record
IdentifierMLC-T-LAW-003104
FieldLaw
AbbreviationL3C
Record as JSON 
{
  "id": "MLC-T-LAW-003104",
  "term": "Low-profit limited liability company",
  "field": "Law",
  "definition": "A hybrid business entity, designated as an L3C, that combines the legal and tax flexibility of a limited liability company with a primary charitable or educational mission. Unlike traditional LLCs, an L3C's primary purpose is to achieve a social benefit rather than maximize profit, though it can still generate revenue. This structure is designed to attract program-related investments from foundations.",
  "abbreviation": "L3C",
  "url": "https://mlchart.com/terminology/law/low-profit-limited-liability-company/"
}

Record 3,065 of 5,441 in Law terminology (MLC-0107). Request the full dataset.