Are L3C's a viable option? From a quick glance at http://www.lawforchange.org/NewsBot.asp?MODE=VIEW&ID=2305 , it seems they're lighter weight & more flexible than a non-profit but still qualify as “program related investment” (ie, eligible for foundation support).
My use case: I had looked at starting a 501c3 for an early-stage software project and was put off by the expense (a few $K), time (a few months) and volume of paperwork - seemed like rather a lot of startup overhead for something that may not go anywhere. Around the same time, I incorporated (S-corp) for another project, and was pleasantly surprised at how easy it was. On Mon, Nov 12, 2012 at 1:43 PM, Lina Srivastava <l...@linasrivastava.com>wrote: > Are you talking about a B-Corp or a Benefit Corp? The first is a > certification, the second is a legal structure. > > Before deciding, you might want to take a look at this archived chat > about the benefits of B-Corps vs. L3Cs (another possible structure): > (Terrible structure to get through, but good info.): > http://www.jdsupra.com/legalnews/nonprofit-for-profit-l3c-b-corp-ho-22806/ > > This is a pretty good site too: > http://www.lawforchange.org/lfc/default.asp > > Lina > > > > On Mon, Nov 12, 2012 at 2:32 PM, Yosem Companys <compa...@stanford.edu>wrote: > >> I wrote a piece a few months ago on the benefits of cooperatives for >> liberationtech entrepreneurs: >> >> >> http://liberationtech.tumblr.com/post/28442687690/how-cooperatives-could-fix-social-medias-net >> >> But I excluded the b corp from that analysis. >> >> Yosem >> >> On Mon, Nov 12, 2012 at 11:24 AM, Andrew Haeg <aoh...@gmail.com> wrote: >> > I'm considering applying for B-Corp status once I get GroundTruth up and >> > running. Very curious to learn more -- such as: is it essentially just >> a way >> > to distinguish your co. from other, non-benefit corps? >> > >> > >> > On Mon, Nov 12, 2012 at 12:38 PM, Yosem Companys <compa...@stanford.edu >> > >> > wrote: >> >> >> >> Rafael made me curious... Anyone in liberationtech used this legal >> >> status before? Perhaps Renee can tell us more about it? >> >> >> >> YC >> >> >> >> >> >> From: Rafael Shimunov <r.shimu...@gmail.com> >> >> >> >> Any folks out there working for a b-corp? Or ever considered it? I'm >> >> currently researching it for a social enterprise startup. >> >> >> >> http://www.bcorporation.net/ >> >> >> >> Best, Rafael >> >> -- >> >> Unsubscribe, change to digest, or change password at: >> >> https://mailman.stanford.edu/mailman/listinfo/liberationtech >> > >> > >> > >> > -- >> > Unsubscribe, change to digest, or change password at: >> > https://mailman.stanford.edu/mailman/listinfo/liberationtech >> -- >> Unsubscribe, change to digest, or change password at: >> https://mailman.stanford.edu/mailman/listinfo/liberationtech >> > > > > -- > Lina Srivastava > -- > linasrivastava.com | twitter <http://twitter.com/lksriv> | > linkedin<http://www.linkedin.com/in/linasrivastava> > > > > -- > Unsubscribe, change to digest, or change password at: > https://mailman.stanford.edu/mailman/listinfo/liberationtech >
-- Unsubscribe, change to digest, or change password at: https://mailman.stanford.edu/mailman/listinfo/liberationtech
