FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RB1qVwz6Yr4OzJf2q5RlsPE
Label Benefit Limited Liability Company
Preferred Label BLLC
Identifier N/A
Alternative Labels
Benefit LLC

Definition

A Benefit Limited Liability Company (BLLC) is a type of limited liability company that combines the liability protection of a traditional LLC with a commitment to pursuing public benefits alongside profit. These companies are structured to focus on social and environmental goals while still operating as for-profit entities.

Class Relationships

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See Also

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Parent Class Of 0

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Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

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Description

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Editorial Information

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available