“Do more for more with less.” How often do we hear that suggestion, primarily from funders, but also from board members and even executive directors? To promote doing more for more with fewer resources presumes you were either previously wasting money, spending more than you should have been and/or you don’t care about the quality of services you are providing and the results you are achieving with your clients.
There are, however, some incidences where less is more. For example, putting less policy and unnecessary specifics Read more
My intent was to write about L3Cs—low-profit limited liability companies. Five states already allow them, several more have legislation pending, and many are encouraging the congress to create such legislation. Ever heard of them?
So I went looking for a simple, yet clear, definition of just what an L3C is. In the process, I got sidetracked by a table comparing an LLC, an L3C and a nonprofit.
According to the design and intent of an L3C, it is a cross between a for-profit and nonprofit organization: it Read more