Making R.I. fertile for social ventures

Christopher R. Blazejewski and Tobias Lederberg

May 19, 2012 4:01 am

Rhode Island lawmakers recently passed legislation designed to attract a broader range of investments in limited-liability companies with nonprofit missions. The measure creates a new corporate structure – the low-profit, limited-liability company, or “L3C” – with the policy goal of making Rhode Island the Silicon Valley of social ventures. With the new law going into…