Incorporation

L3C: An Alternative to Non-Profit Incorporation?

By Emily Chan, Nonprofit Law Blog

There has been a recent flurry of tweets and blog posts about L3Cs—Low-Profit Limited Liability Companies—as alternatives to incorporating as traditional 501(c) nonprofits. For those who are just joining the conversation now, it may be useful to go over some of the basics of the L3C form. Emily Chan of the NEO Law Group explains:

The low-profit, limited liability company, or L3C, is a hybrid of a nonprofit and for-profit organization. more...

Selected Articles

Dr. Art on Incorporation

To incorporate or not to incorporate . . . that is the question facing many artists. From filmmakers to choreographers to graphic designers, the issue of incorporation appears daunting at first, but can be more straightforward than most artists think. For this installment, Ask Dr. Art discusses the benefits and drawbacks of incorporation from an artist’s perspective.

Sole Proprietorships and Partnerships

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Selected Chicago Links

How Do I Create a Nonprofit Corporation?

Interested in establishing a nonprofit corporation that can receive donations and not pay income taxes? Learn where to start.

IL Real time Corporate/LLC Info and Name Search

This site can tell you if the business name you wish to use is already in use by another company registered to do business in Illinois. The proposed corporate/LLC name must be distinguishable from any other corporate/LLC name on file with this office.

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