Hey everyone... have you heard of the L3C business structure? It was originally launched in Vermont in 2008 and about a dozen states have adopted this legislation. At the time of this writing Colorado has not adopted it yet.
We are considering this business structure as it allows a "For-Profit" business to have its Primary Purpose be sometihng other than Profits! Our Primary purpose will be the employment of impoverished peoples from around our globe. Of course, we must be "profitable" to be an ongoing, sustainable business.
So, have you heard of this structure and have any comments for us as we approach the start of this business as of January 4, 2010?
We are looking to incorporate in either Wyoming or Vermont, depending on information gathered between now and the new year.
I would really enjoy hearing from anyone who may know or who may others who know something about this business form.
So, please contact me at steve@durgin.biz to send me comments, suggestions, notes, etc.
Thanks again for walking along side me through this journey!
Steve Durgin
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