Low-Profit Limited Liability Company (L3C)
- A business structure approved by select states like Illinois, Michigan, Utah, Vermont, and Wyoming, and designed primarily to carry out services or activities for the public good, but also allows profit-making as a secondary aim
- The bookstore operates as an L3C, benefiting the community with literary events and also making a profit.
- In the state of Vermont, the baker's social enterprise could be setup as an L3C.
- They initiated the green recycling project as an L3C, serving environmental causes while generating revenue.