Marc Lane provides his insight and expertise regarding L3C opportunities in this researched whitepaper written and published by interSector Partners, L3C.
These are merely a fraction of the wide spectrum of ideas, fields and structures being created as L3Cs. According to Marc Lane, a Chicago attorney who has provided legal counsel to help launch at least 50 L3Cs, it's because the L3C provides a space for innovation and new approaches that existing business and nonprofit models do not:
“I think that's a reflection of the opportunity; it's there to be shaped. It invites creativity and innovation in deal design and entity design. When you talk to clients about the various ways businesses can be structured, that very conversation sparks reactions in clients. The L3C empowers the client to re-imagine the venture beyond the constraints of the typical corporation, partnership or LLC.”
Copyright © 2010, interSector Partners, L3C All rights reserved.