by Origami Legal | Jun 17, 2020 | Business Organizations, Social Enteprise
L3Cs (low-profit limited liability companies) are very similar to LLCs. The key difference is that their company purpose, as stated in the L3C’s Articles of Organization, must be a charitable purpose as defined by the IRS for charitable 501(c)(3) purposes....
by Origami Legal | May 13, 2020 | Business Organizations, General Business
“Social enterprise” has a lot of definitions, but most of them describe businesses that have a social and environmental purpose in addition to a general profit motive. In practice, that can mean a lot of different things. Examples include companies that...
by Origami Legal | Apr 27, 2020 | Business Organizations
The Takeaway for LLC Owners LLCs that meet all of the requirements can elect to be treated as S Corps, which is a tax treatment. While LLCs already have passthrough taxation, which is one of the biggest benefits of S Corp elections for corporations, the owners of LLCs...
