L3Cs: Social Enterprise's Powerful New Capital Formation Tool
About the Webinar
On this call, Marc will discuss the background and components of the L3C (low-profit limited-liability company), which combines the financial advantage of traditional LLC forms of business with the social benefits of a non-profit entity.The "low-profit limited liability company," or L3C, is a new, hybrid business form which can leverage foundations' program-related investments to access trillions of dollars of market-driven capital for ventures with modest financial prospects, but the possibility of major social impact.
Marc J. Lane, a nationally recognized attorney and financial advisor, is the Founder of Marc J. Lane Wealth Group. An innovator in helping social enterprises and social entrepreneurs leverage capital to maximize financial results while driving positive social change, he designed and teaches the Social Enterprise course at Northwestern University School of Law. Marc is the pioneer behind the Advocacy Investing approach to mission-related investing. Marc is also the force behind Illinois’ Low-profit Limited Liability Company (L3C) legislation, and has been instrumental in promoting L3C legislation in other states. Marc’s law firm is helping launch as many as 50 L3Cs around the country and is working with over 20 foundations that are interested in making program-related-investments in L3Cs.