Low-profit Limited Liability Companies and Program-Related Investments

Posted by Social Innovations Lab on February 19, 2018
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About this Presentation:
The capital formation, governance and branding advantages of the Low-profit Limited Liability Company (L3C).
How the only for-profit business form in the U.S. that irrevocably places mission above all other objectives can galvanize diverse stakeholders around a shared social goal while attracting funding from both impact investors and financial-first investors.

About the Presenter:
Marc LanePresident, The Law Offices of Marc J. Lane, P.C.

Marc J. Lane, a nationally recognized business and tax attorney and financial adviser, practices law at The Law Offices of Marc J. Lane, P.C. in Chicago (http://www.MarcJLane.com). He is an expert on entrepreneurship and entrepreneurial finance, and an influential advocate of best corporate governance practices. Twice a recipient of the Illinois State Bar Association’s Lincoln Award, Marc, a “Leading Illinois Attorney” and “Illinois Super Lawyer,” has consistently earned an “AV® Preeminent™” rating in the Martindale-Hubbell Legal Directory, the highest ranking awarded. Martindale-Hubbell also includes him in its Bar Registry of Preeminent Attorneys. By appointment of then Illinois Gov. Pat Quinn, he chaired the state’s Task Force on Social Innovation, Entrepreneurship, and Enterprise; and by appointment of Cook County Commissioner Jesus “Chuy” Garcia, now serves as Vice Chairperson of the Cook County Commission on Social Innovation.

An innovator in helping corporations, social enterprises, foundations, investors, lenders and philanthropists leverage capital to maximize financial results while driving positive social change, Marc has taught both Entrepreneurial Finance and Social Enterprise at Northwestern University School of Law. He is the author of 35 books including Social Enterprise: Empowering Mission-Driven Entrepreneurs (American Bar Association) and The Mission-Driven Venture: Business Solutions to the World’s Most Vexing Social Problems (John Wiley and Sons).

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