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L3C Primer by Marc Lane
Wednesday, May 23, 2012
L3C Primer by Marc Lane was featured in CulturalStrategies.org Click here to download PDF....
Time for State Lawmakers to Pass Budgeting 101
Monday, May 21, 2012
Illinois is billions of dollars in the red, yet the state's legislators inexplicably continue to deny themselves the right to know how much the measures they consider would cost or save taxpayers. In other states, “fiscal notes,” which estimate the costs or savings and the revenue gain or loss of proposed laws, are indispensable tools for...
Illinois' Tax Credit Windfall at Risk
Monday, March 26, 2012
Chicago's and Illinois' fragile economies stand to lose thousands of jobs along with the environmental benefits of a clean, local source of electricity if Congress continues to nix the extension of tax credits for advanced energy manufacturing, scheduled to expire at yearend. Some pundits claim that Congress is closed for business until its post-election...
Eradicating Food Desert Key to Chicago's Competitiveness
Monday, January 2, 2012
Chicagoans have reason to applaud an impressive 39% drop over the past five years in the number of city residents living in its “food desert,” those low-income neighborhoods where affordable and nutritious food is hard to come by. Yet 1 in 7 residents, 124,000 of them children, still live in communities without readily available fresh food. The...
Social Enterprises: A New Business Form Driving Social Change
Monday, December 5, 2011
Many mission-driven organizations, both nonprofits and for-profits, are becoming “social enterprises” that embrace market-based strategies in the pursuit of their social purposes. New business models and even entity forms are emerging to help the social entrepreneur drive positive social change. Lawyers have new opportunities to aid their...
Overhaul of World Business Chicago is First Step on City's Road to Recovery
Monday, September 26, 2011
Mayor Rahm Emanuel seems undeterred by naysayers as he invests his vast political capital in an agenda of fiscal responsibility, school reform and safe streets. No question the urgent issues Mr. Emanuel has targeted must be on the front burner if Chicago is to remain livable, let alone become the world-class city it could be. But without real economic...
Marc J. Lane - Social Involvement and L3C Legislation
Monday, August 22, 2011
Source: SiMaMa.org Lane serves as the founding partner for Social Venture Partners Chicago. In addition, He is a Director for the Social Enterprise Alliance and the founder and President of its Chicago Chapter. He also served as the Chairman of the Board for the Grant A Wish, Inc. and the Illinois Chapter of the National Academy of Elder Law Attorneys. He...
The L3C: A Boon to Illinois' Social-Purpose Businesses
Thursday, August 4, 2011
The Low-profit Limited Liability Company, or "L3C," is a new, for-profit business form available to social entrepreneurs who seek the legal and tax flexibility of a traditional LLC, the social benefits of a non-profit organization, and the branding and market positioning advantages of a social enterprise. Moreover, the L3C presents a unique opportunity to...
When managed well, privatization works
Monday, June 6, 2011
In the waning days of the Daley administration, the former mayor incurred the wrath of union leaders when he floated the possibility of outsourcing the city's curbside recycling initiative without first consulting labor. It was Richard M. Daley, everyone remembers, who struck the deal to sell Midway Airport that ultimately collapsed for lack of financing...
Tracking the Social Enterprise's Social Performance
Tuesday, April 19, 2011
The final chapter of my new book, Social Enterprise: Empowering Mission-Driven Entrepreneurs, (American Bar Association, 2011) raises the provocative question: "To What End?" The demand for metrics to evaluate social impact has never been stronger, and that demand comes from all quarters. Donors and investors want to ensure that their gifts, grants and...
L3C status would aid investment in social ventures
Monday, April 18, 2011
Backed by Social Venture Partners of Rhode Island, legislation is pending in the General Assembly that would establish a new corporate structure – a low-profit, limited-liability company or L3C – designed to attract a broader range of investment funds for social ventures. Kelly Ramirez, executive director of Social Venture Partners, explained...
OpEd: Zero-based budgeting holds much promise for Illinois' fiscal future
Monday, January 10, 2011
An unheralded provision of last spring's budget legislation adds Illinois to the growing roster of states committed to performance-driven budgeting. “Budgeting for outcomes” was introduced by former Washington Gov. Gary Locke in 2002, when he faced a $2.5-billion budget shortfall. Mr. Locke reformed the way state officials prioritized and spent...
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Announcing Marc J. Lane's 35th Book:

The Mission-Driven Venture: Business Solutions to the World's Most Vexing Social Problems

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