FOLIO Ontology

Benefit Limited Liability Company

IRI:
https://folio.openlegalstandard.org/RB1qVwz6Yr4OzJf2q5RlsPE
Preferred Label BLLC
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.

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Additional Information

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