{"iri":"http://lmss.sali.org/RB1qVwz6Yr4OzJf2q5RlsPE","id":"RB1qVwz6Yr4OzJf2q5RlsPE","label":"Benefit Limited Liability Company","definition":"A Benefit Limited Liability Company (BLLC) is a type of limited liability company that combines the liability protection of a traditional LLC with a commitment to pursuing public benefits alongside profit. These companies are structured to focus on social and environmental goals while still operating as for-profit entities.","prefLabels":["BLLC"],"altLabels":["Benefit LLC"],"examples":[],"notes":[],"sources":["https://corporations.utah.gov/business-entities/benefit-limited-liability-company/","https://www.wolterskluwer.com/en/expert-insights/benefit-llcs-an-option-for-socially-conscious-business-owners"],"branch":{"iri":"http://lmss.sali.org/R7L5eLIzH0CpOUE74uJvSjL","label":"Legal Entity"},"parents":[{"iri":"http://lmss.sali.org/R7oBWHStfmqTLn2MypkW3Pj","id":"R7oBWHStfmqTLn2MypkW3Pj","label":"Entity"}],"children":[],"relations":[],"url":"https://lmss.io/tag/RB1qVwz6Yr4OzJf2q5RlsPE/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}