Talk:Low-profit limited liability company/Archives/2013
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why do foundations prefer to make PRI's instead of grants? --Dve.reber (talk) 06:42, 27 November 2009 (UTC)
this sentence is overly long and needs revision for better logic: Robert M. Lang, the creator of the L3C, CEO of The Mary Elizabeth & Gordon B. Mannweiler Foundation Inc. and CEO of L3C Advisors, L3C the nations very first L3C recommends that you visit the web page for Americans for Community Development[1] for frequent developments on the L3C.
page needs to define "Program-related investment"(PRI) —Preceding unsigned comment added by 149.169.219.22 (talk) 15:28, 6 February 2010 (UTC)
This wiki article is not doing anyone a service because it reads like an advertisement for the (admittedly well-intentioned) L3C form of entity, while not having any discussion of the inherent problems with L3Cs. There are a number of problems with L3Cs, and this article needs to be heavily-caveated to the effect that foundations should consult competent tax counsel that is knowledgable about the latest developments in the IRS's PRI rules before even considering an investment in an L3C. I would be horrified if a small foundation gets duped into investing in an L3C based on this article, and later finds out from the IRS that it is subject to massive excise taxes because it has blown its non-profit status. The following article discusses many of the problems: http://lawreview.vermontlaw.edu/articles/v35/1/22%20Callison%20Book%201,%20Vol.%2035.pdf. Please be careful.Arlesd (talk) 18:26, 3 May 2011 (UTC)
I tried to add a "Disadvantages" section, but it was undone noting that it was not "sourced". However, the "Advantages" section is not sourced either (other than one of the bullet point). This entry reads like an advertisement for L3Cs, notwithstanding the serious issues that surround the use of the L3C. By introducing the "Disadvantages" section, I am trying to provide readers with fair warning that there are some problems with L3Cs. It is irresponsible to do otherwise, and we are doing Wikipedia readers a disservice.Arlesd (talk) 18:26, 3 May 2011 (UTC)
Rhode Island should be added to those states which have legislation concerning L3C's. — Preceding unsigned comment added by 208.50.255.30 (talk) 12:45, 13 June 2011 (UTC)