While not-for-profit organizations are traditionally structured as corporations, some states permit the formation of not-for-profit limited liability companies (LLCs). These states include California, Kentucky, Minnesota, North Dakota, Tennessee, and Texas. However, the rights granted to organizers, members, and stakeholders vary by state. LLCs may be preferable in structure because they are based on contract law, offering greater flexibility in formation compared to not-for-profit corporations, which operate under franchise law. Once this website is developed for Commons Capitalism[1] and Commons Capitalism[1] Enterprises, I will provide similar research and analysis on not-for-profit LLC jurisdictions as I have for not-for-profit corporations, exploring their potential role in advancing Commons Capitalism[1].
Cope, Jonathan. "Commons Capitalism Definition." Commonscapitalism,com. Accessed 5 May 2025. https://commonscapitalism.com.
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