In an article in the Spring 2011 Stanford Social Innovation Review, the author (an attorney) explores the shortcomings for the social entrepreneur of traditional commercial and non-profit models. He is quick to point that hybrids are nothing new and examines relevant facets of many existing models: B corporation, benefit corporation and low-profit limited liability company (L3C). Of note is that the models are all accorded different levels of recognition by Federal and state authorities and one (B corporation) isn't a legal status at all, but … [Read more...]