Many with whom I have chatted about Time Well Spent have heard my “spiel” on L3C, the new business form I am seriously considering …
So that you may learn more about this cutting-edge legal structure, and to prove I’m not crazy (at least not completely crazy), I encourage readers of my blog and those interested in “businesses doing well by doing good,” to virtually attend a webinar ~ on Thursday, from 1-2:30 EST ~ that is being offered by the Social Enterprise Alliance. While it is open to all, it looks like the sign-up closes tonight so twittering this out to those on my list and posting it a few places in the hopes that it might be helpful to those with whom I network online.
Read on for a description of the one-hour webinar and here’s a link to the complete description page including a brief bio of the speaker, Robert Wexler.
About the Workshop:This webinar will focus on the basic issues that a social enterprise in formation must consider in deciding whether to structure the enterprise as a for-profit, nonprofit, or hybrid legal entity. The webinar will analyze the legal issues that will drive an entrepreneur to consider one or more of the following legal forms: corporation, limited liability company, L3C, B-Corporation, non-profit exempt under IRC Section 501(c)(3) or nonprofit exempt under IRC Section 501(c)(4). It will also discuss when the use of more than one entity is appropriate or necessary and how two entities can work together legally. Key issues driving these decisions include the source of capital for the enterprise, the financial and other goals of the founders, and whether the law will accommodate a particular business plan within the tax-exempt framework. Attendees should come away with a set of the questions to consider in deciding what legal structure to use and sense of how the answers to those questions will help determine the most effective legal form.