LC3 Incorporation
We need your opinion!
We're considering changing our incorporation to an LC3. This is like an LLC but has low profit, social and ecological responsibility written into the articles of incorporation. A great option for us. Unfortunately, this is not offered in the State of NH. So, we can incorporate in Vermont and do business in New Hampshire. The negative to this is obviously that it is not local.
However, could it be an effective political statement to say that we want to start a local and sustainable community oriented business but New Hampshire's current legislation does nothing to support or promote this?
What are your thoughts?
Comments
Time to change legislation...
This morning, in more research in the LC3 model, it makes too much sense for some organizations to adapt a new model. Ours (currently a 501c(3) in Keene, NH (The STARVING ARTIST) being one. We want to do this in our home state as well. Perhaps we can exchange thought and make some committed voices heard in this arena. I know there are more thinking the same thing. Good luck and I am sure we will meet up down the road...