Low-profit limited liability company

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.

Concept

An L3C is a for-profit, social enterprise venture that has a stated goal of performing a socially beneficial purpose, not maximizing income. It is a hybrid structure that combines the legal and tax flexibility of a traditional LLC, the social benefits of a nonprofit organization, and the branding and market positioning advantages of a social enterprise. The L3C is obligated to be mission-driven so there is a clear order of priorities for its fiduciaries.

The L3C is designed to make it easier for socially oriented businesses to attract investments from foundations and additional money from private investors. Unlike the traditional LLC, the L3C’s articles of organization are required by law to mirror the federal tax standards for program-related investing. A program-related investment (PRI) is one way in which foundations can satisfy their obligation under the Tax Reform Act of 1969 to distribute at least 5% of their assets every year for charitable purposes. While foundations usually meet this requirement through grants, investments in L3Cs and charities that qualify as PRIs can also fulfill the requirement while allowing the foundations to receive a return.

University of Colorado

Coordinates: 39°44′43″N 104°59′00″W / 39.745196°N 104.983340°W / 39.745196; -104.983340

The University of Colorado system is a system of public universities in Colorado consisting of four campuses: University of Colorado Boulder, University of Colorado Colorado Springs, University of Colorado Denver in downtown Denver and at the Anschutz Medical Campus in Aurora. It is governed by an elected, nine-member Board of Regents of the University of Colorado.

The University of Colorado advances the economy, health and culture of Colorado and beyond, educating more than 435,000 students who have become catalysts in business, arts, health and community growth. CU’s four campuses feature top-tier faculty and hands-on learning opportunities in an environment where students thrive. Students and faculty at CU's four campuses are involved with research and learning that advances communities in Colorado and around the globe.

The University of Colorado's official abbreviation is CU, not the more intuitive "UC". This is to avoid confusion with the University of California system (founded in 1868), which at the time of the creation of the CU system was already referred to as UC.

I Believe

I Believe may refer to:

Albums

Songs

Assistant professor

Assistant professor (frequently capitalized as Assistant Professor) is a tenure-track introductory level professor academic rank used in the United States, Canada, and some other countries. It is generally taken after earning a PhD and completing one or more post-doctoral positions. It is often below the position of associate professor and usually equivalent to lecturer in English-speaking countries or to "Profesor Asociado" to "Profesor Titular" in Spanish-speaking countries.

See also

The Promise

The Promise may refer to:

Film and TV

Film

Television and radio