What's a sustainable business?
Its neither a non-profit nor a for-profit, its an LC3, a low-profit limited liability company - a newly created entity type that bridges the gap by providing a structure that facilitates investments in socially beneficial, for-profit ventures while simplifying compliance with the IRS for program-related investments.
Its neither a non-profit nor a for-profit, its an LC3, a low-profit limited liability company - a newly created entity type that bridges the gap by providing a structure that facilitates investments in socially beneficial, for-profit ventures while simplifying compliance with the IRS for program-related investments.
Bon Jovi's Soul Kitchen is a great example of a sustainable social enterprise: there are no prices on the menu; customers donate to pay for their meal and if they are unable to donate, they may volunteer to work in exchange for their family's meal. How's that for social impact?
No handouts. Community-building. Efficient. Self-sustaining. Social good. More creative capitalism. Got innovation?
No handouts. Community-building. Efficient. Self-sustaining. Social good. More creative capitalism. Got innovation?
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