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I recently received an invitation to L3Cs and the Arts from Michael DiFonzo.  I will be unable to attend, but thought I would pass the information on to our readers.

The event will be held at Columbia University in New York, NY on November 16th, from 2:00pm to 6:00pm.  Admission is free for Columbia University students, alumni and all professionals from the performing arts community.  The speakers are listed here, and include attorney, L3C advocate, and author Marc Lane.

I do not know all of the speakers, but I do wish the event would have included one of the vocal L3C opponents, like Daniel Kleinberger, Carter Bishop, or Bill Callison, to give the audience a more balanced picture of L3Cs.  Edward Hwang and I tried to give a balanced account of the L3C in our University of Miami article.  We praised the purported goals of the L3C and tried to recognize its potential, but we also described the many hurdles the L3C still has to overcome.  Professor Cass Brewer also provides a balanced view of the L3C in his work, and has written on using the LLC form in social enterprise here.   Anyone interested in the L3C form, and comparing the L3C to the LLC, would do well to read all five articles linked to in this paragraph.




Comments (2)

  1. Michael diFonzo

    November 5, 2012 at 1:52 pm

    Just read your University of Miami article and found it incredibly fascinating. You are one the first I have heard clearly articulate the concept of “locking l3c profits into the social stream.” Brilliant point when considering how the l3c can be utilized in the arts. The profits of foundations and private investors generate a larger pool of money, which is then donated and/or invested back into the arts creating a Virtuous Cycle.

  2. Haskell Murray

    November 5, 2012 at 3:46 pm

    Thanks for the comment and kind words Michael. I know I am not the only one thinking or writing about the “capital lock” issue, but I do think it is important.

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