SHOULD I INVEST IN A LOW-PROFIT LLC (L3C)?

A low-profit limited liability company (L3C) is essentially a limited liability company (LLC) authorized under recent statutes passed in at least seven states.  They are similar to traditional LLCs but, among other things, are statutorily required at all times to significantly further the accomplishment of one or more charitable or educational purposes as defined in the Internal Revenue Code, and the production of income and the appreciation of property must not be a significant purpose of the L3C….

Export reforms: The new system

Export reform efforts began this spring, when the Obama Administration issued orders to consolidate export regulation. The reforms will include:  a single control list, a single licensing agency, a single primary enforcement coordination agency, and a single information technology system. The government plan for implementing these reforms is a comprehensive, three phase strategy. The first phase is underway, and includes steps that can be taken without legislation. All of this appears to be good news for manufacturers. Our contacts in Washington, D.C….

The Small Business Jobs Act of 2010 – Thirty Days Later

Slightly more than thirty days have passed since the Small Business Jobs Act of 2010 (H.R. 5297) (the Act) went into effect. The White House heralded the Act as a benefit to small businesses “on day one,” and the U.S. Small Business Administration called it “the most significant piece of small business legislation in over a decade.” A month later, and with the November elections to take place in a matter of days, the obvious question is whether…