Attention all you social entrepreneurs out there: there’s a little-known business structure that can help you get funded by foundations for your good works. In the past, you had to be a non-profit to access this capital. No more, thanks to L3C structures available in Delaware (but you can headquarter your business anywhere.) Alert reader Loni Gray passes along this non-legalese explanation by attorney for social enterprise and mission-driven efforts, Gene Takagi:
http://www.nonprofitlawblog.com/home/2008/07/l3c.html

Bottom line:  Now is the time to think outside the box on where the money is for your business. Chaotic times create great opportunities when you question your assumptions.

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