Social Entrepreneurship and the L3c Structure: Bridging the Gap between Non-Profit and For-Profit Ventures

Galpin, Timothy J. and Bell, R. Greg (2010) Social Entrepreneurship and the L3c Structure: Bridging the Gap between Non-Profit and For-Profit Ventures. Journal of Business and Entrepreneurship, 22 (2). pp. 29-39.

Abstract

One of the most challenging problems facing social entrepreneurs stems from the tension between providing adequate returns to investors while also fulfilling their social mission. This is especially the case given that many social ventures are established as non-profit entities. Recently a growing number of states have enacted legislation allowing for the creation of Low Profit Limited Liability Corporations, or L3Cs. In this paper, we review the L3C organizational structure and outline its benefits and potential weaknesses to social entrepreneurs.

Item Type: Article
Keywords: Social entrepreneurship, Limited liability companies, Organizational structure, Advantages, Disadvantages, Meta-analysis, Strategy
Subject(s): Strategy
Date Deposited: 22 Sep 2017 10:48
Last Modified: 22 Sep 2017 10:48
Funders: N/A
URI: http://eureka.sbs.ox.ac.uk/id/eprint/6510

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