Law Commons^™

L3cs: The Next Big Wave In Socially Responsible Investing Or Just Simply Too Good To Be True?, David J. Schwister

David J Schwister

This article pertains to the growing popularity of Low-Profit, Limited Liability Companies (L3Cs). It includes a discussion of the potential pitfalls involved in the adoption of this organizational structure. Part I of this Article introduces a timely example that illustrates how L3Cs are gaining steam across the U.S. Part II of this Article provides a history of the L3C movement. In addition, Part II offers a look at the current legal landscape of L3Cs on a federal and state level. Part III offers a glimpse into possible problems that L3Cs may run into including registration as well as disclosure requirements …