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The L3C (low profit limited liability company) type of corporation, sometimes called a benefit corporation, ignores profit considerations and instead pursues only social goals.

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19-12-2022
Business

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t/f
The L3C (low profit limited liability company) type of corporation, sometimes called a benefit corporation, ignores profit considerations and instead pursues only social goals.

Answer :

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qwyellow qwyellow · Answer 1 · 2022-12-21T12:48:39-05:00

The correct option is False. The L3C (low-profit limited liability company) type of corporation, considers social objectives and profit while making decisions.

A low-Profit Limited Liability Company is a legal business entity with both profit and non-profit entities. L3C has a primary objective of social cause and profit as a secondary objective. This makes it a safe option for business firms who aim to market their identity as a social brand.

L3C was originally developed to follow the Internal Revenue Service program investments which make it possible for most private businesses and firms to be exempted from tax for being a social cause brand or charity. Therefore, L3C considers social objectives first and profit second while making decisions.

Learn more about L3C here https://brainly.com/question/13304738

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t/f The L3C (low profit limited liability company) type of corporation, sometimes called a benefit corporation, ignores profit considerations and instead pursues only social goals.

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t/f
The L3C (low profit limited liability company) type of corporation, sometimes called a benefit corporation, ignores profit considerations and instead pursues only social goals.