Monthly Archives

September 2012

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Investment talkMunicipal BK
September 9, 2012

Can we save American capitalism? By Steven Pearlstein, Washington Post Published: August 31

  A dozen Labor Days — and three presidential elections — ago, the world was in the thrall of American-style capitalism. Not only had it vanquished communism, but it was widening its lead over Japan Inc. and European-style socialism. Today, that economic hegemony seems a distant memory. We have watched…
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L3Cs and Private Foundations
September 9, 2012

FORMATION OF L3Cs in ILLINOIS

Low-profit LLCs With the effectiveness of Public Act 96-126 on Jan. 1, 2010, low-profit limited liability companies, or L3Cs, have been introduced in Illinois. Among other changes, a new Section 1-26 was added to the Illinois Limited Liability Company Act. This new section reads: (805 ILCS 180/1-26) Sec. 1-26. Low-profit…
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