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In the News
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| Justices rule against NFL in antitrust case |
| Tuesday, May 25, 2010 |
| See Marc's related article "NFL's Hail Mary antitrust case stands to bruise fans" published on October 5, 2009 in Crain's Chicago Business. |
| Who is the L3C Entrepreneur? |
| Thursday, May 20, 2010 |
Marc Lane provides his insight and expertise regarding L3C opportunties in this researched whitepaper written and published by interSector Partners, L3C. Click here to view the whitepaper.
These are merely a fraction
of the wide spectrum of ideas, fields and structures being created as L3Cs.
According to Marc Lane, a Chicago attorney who has provided legal counsel to
help launch at least 50 L3Cs, it’s because the L3C provides a space for
innovation and new approaches that existing business and nonprofit models do
not:
“I think that’s a reflection of the
opportunity; it’s there to be shaped. It invites creativity and innovation in
deal design and entity design. When you talk to clients about the various ways
businesses can be structured, that very conversation sparks reactions in
clients. The L3C empowers the client to re-imagine the venture beyond the
constraints of the typical corporation, partnership or LLC.” |
| People. Planet. Profit. Blog |
| Sunday, March 7, 2010 |
People. Planet. Proft. Blog Welcome to the first edition of "People. Planet. Profit.", the monthly publication of Left Brain/Right Brain Productions' official blog. Featuring inspiring people in media and entertainment, stories from around the planet, and best practices for profitable social enterprise. This month we feature interviews with Craig Farkus, Executive Producer of Instant Karma Films; Bosnian author, inspirational speaker and performer Nadja Halilbegovich; and Marc Lane, President of the Social Enterprise Alliance - Chicago chapter.
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| Socially Responsible Investing |
| Sunday, March 7, 2010 |
Socially Responsible Investing
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| Nonprofits benefit from for-profit practices |
| Monday, December 28, 2009 |
| Seth Weinberger has built a local educational foundation into a million-dollar social enterprise serving about 30,000 underprivileged students in 15 states, proving that not every nonprofit is struggling these days. |
| Dozens of Companies Are Sprouting With the Same Goal: Doing Good |
| Tuesday, November 10, 2009 |
| In the bad economy, many companies struggle to make any profit at all. But now dozens of companies - many seeking the help of grant makers - are getting started with a deliberate goal that making money is a secondary concern. The primary aim is to offer social benefits, or as the grant maker who helped coin the idea says, to create "the for-profit with a nonprofit soul." |
| New corporate structure could give social entrepreneurs new funding stream |
| Monday, August 10, 2009 |
| Illinois is among the first states to pass an L3C law. Vermont passed the first law on April 30, 2008, and now lists about 60 L3Cs in the state database, including a chess camp, theater, alternative energy companies, publishers, food companies and numerous consulting firms. The law, signed by Gov. Pat Quinn last week, allows the incorporation of low-profit, limited-liability companies, or L3Cs, a new hybrid structure for for-profit ventures that have a primary goal of achieving a socially beneficial purpose. |
| SRI Plows the Path to Profitability |
| Wednesday, August 5, 2009 |
| Socially responsible investing is no longer solely the province of college professors who want to save the world. It's evolving and going mainstream in a big way. And a growing chorus of non-idealistic institutional investors has decided that it's not just noble, it's good business. Advisors need to know about the trends that have intertwined under the broad umbrella of SRI investing in order to help clients interested in going down this path. |
| Steans advances new socially responsible for-profit organizations |
| Friday, April 3, 2009 |
| State Senator Heather Steans (D-Chicago) was pleased to see Senate Bill 239 unanimously pass out of Senate this week. The low-profit, limited liability company is a hybrid of a nonprofit and for-profit organization. Chicago attorney and financial advisor Marc J. Lane, the President of the Chicago Chapter of Social Enterprise Alliance, predicts that "L3Cs will leverage foundations' program-related investments to access trillions of dollars of market-driven capital for ventures with modest financial prospects, but the possibility of major social impact. |
| 2008 SMALL BUSINESS OPPORTUNITY CONFERENCE |
| Thursday, September 4, 2008 |
| Marc J. Lane is a business and tax attorney and a Master Registered Financial Planner. He heads up Marc J. Lane Wealth Group® |
| Double Duty |
| Monday, September 1, 2008 |
| Suppose you work for a foundation that is focused on healthcare for inner-city kids. The organization gives 5 percent away as traditional grants to start a reading center or to hire teachers to work after-school hours. That is admirable, but it could do more. The foundation could put the rest of its portfolio to work by lending part of it out to fund the building of a literary center or invest in textbook publishers. |
| How to Recognize Elder Abuse and Protect Its Victims |
| Thursday, February 15, 2007 |
| The victimization of the elderly, often by a spouse or adult child, is virtually a national epidemic. A complex mix of psychological, social, and economic influences contributes to elder maltreatment in more than 2 million American homes every year. See Linnear Ward Griffin and Oliver J. Williams, Abuse Among African-American |
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