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LLLC meaning in Business ?

Answer» What is Low-profit limited liability company mean?

A low-profit limited liability company (L3C) is a legal form of business entity in the United States that was created to bridge the gap between non-profit and for-profit investing by providing a structure that facilitates investments in socially beneficial, for-profit ventures by simplifying compliance with Internal Revenue Service rules for program-related investments, a type of investment that private foundations are allowed to make.

reference
Full Form Category
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Lower Level Living Center General
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Limited Liability Law Company Governmental
La Leche League Canada Regional


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