Social Enterprise


As we’ve previously explained on this blog, several states have adopted legislation accommodating legal structures for businesses that make a social impact.  For example, Maryland, New Jersey, Hawaii, Vermont, California, New York, and Virginia and have passed statutes authorizing Benefit Corporations.  And Illinois, Louisiana, Maine, Michigan, North Carolina, Rhode Island, Utah, Vermont, Wyoming have passed legislation authorizing the Low-Profit Limited Liability Company (or “L3C”).   Both the L3C and the Benefit Corporation structure are often referred to as a “hybrid entities” because these legal structures blend nonprofit and for-profit principles—the businesses are required to adhere to a social mission but......

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Articles, Business Transactions & Services, Flat Fees, Intellectual property, Social Enterprise, Social Enterprise & Nonprofit, Social Entrepreneur, social entrepreneurship, Startup & Formation, Venture Capital |
February 7, 2012

The Importance of Understanding Your Company’s Financial Projections

Many companies seeking investor capital retain professional service providers to put together financial projections and other information about the company, evidencing why the company is poised for growth and deserving...


Articles, Benefit Corporation, Business Transactions & Services, Flat Fees, Flexible Purpose Corporation, Intellectual property, L3C, Social Enterprise, Social Enterprise & Nonprofit, Social Entrepreneur, Startup & Formation, Venture Capital |
January 30, 2012

Before Raising Money – Identify Your Liabilities

As more social enterprises seek to obtain investment capital to help grow their business, it is important for Officers, Directors, and Founders to identify potential liabilities, and deal with them,...


Articles, Benefit Corporation, Business Transactions & Services, Dispute Resolution, Flat Fees, Flexible Purpose Corporation, Intellectual property, L3C, Social Enterprise, Social Enterprise & Nonprofit, Social Entrepreneur, Startup & Formation |
January 15, 2012

Dispute Resolution Planning for Social or Hybrid Entities

With the uncertainty surrounding new corporate entities such as the Benefit Corporation, Flexible Purpose Corporation, and Low Profit Limited Liability Company, it is important for these businesses to contractually control...


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