Building a profit-making company with a social mission

The "L3C" corporate form -- introduced in Vermont in spring, 2009, enacted in two other states and under consideration in others, is attracting interest as a possible vehicle for hybrid ownership -- a company which is subject to ordinary taxation and can make profits, but which is also capable of attracting charitable foundation investment because of a social agenda. In this short video, Chris Miller, community outreach coordinator of the Skandalaris Center for Entrepreneurial Studies at Washington University in St. Louis, describes the form, which some people are saying might be a future structure for newspapers. Miller is at 314-935-6906 ([email protected] ... for more information, see: http://newshare.com/ivp/l3c.pdf