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Companies with a Nonprofit Soul: L3Cs and B Corps

Published on Nov 19, 2015

What happens when a business develops a non-profit mindset, and wants to use income for social good?

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PRESENTATION OUTLINE

1.

L3CS AND B CORPS

COMPANIES WITH A NONPROFIT SOUL
Photo by Sergiu Bacioiu
2.

L3C: Low-profit Limited Liability

  • The L3C is like an LLC formed for social benefit
  • Specifically, charitable/educational works
  • May be a solo business or a nonprofit subsidiary
  • May have nonprofit member(s)
  • Cannot have a legislative or political purpose
Photo by Sergiu Bacioiu
3.

B "Benefit" Corps

  • A corporation with additional certification
  • Social and environmental standards
  • Accountability and transparency standards
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4.

Thank you!
Rob Stenson, Goodmans Interior Structures

Heather Hiscox, 7 Degrees Consulting

Patricia Mendenhall, Dishes and Stories

Lisa Bunker, Pima County Public Library

Photo by Sergiu Bacioiu

Lisa Bunker

Haiku Deck Pro User
http://www.library.pima.gov