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A low-profit limited liability company (L3C) is a legal form of business entity in the United States. [1] Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. [ 1 ]
The first Wisconsin Tax Commission was a short-term study of existing tax policy. Kennan, along with former congressman Burr W. Jones and attorney George Curtis, Jr., were charged with producing a report by the end of 1898. The report laid out the inequities of the current system, substantiating the concerns of the farmers that other non ...
It is a hybrid structure that combines the legal and tax flexibility of a traditional LLC, the social benefits of a nonprofit organization, and the branding and market positioning advantages of a social enterprise. An anonymous limited liability company is an LLC for which ownership information is not made publicly available by the state.
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For United States income tax purposes, a business entity may elect to be treated either as a corporation or as other than a corporation. [1] This entity classification election is made by filing Internal Revenue Service Form 8832. Absent filing the form, a default classification applies.
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