Michael Redwine
Many of us wish to be part of something greater than ourselves. We long for the chance to make other lives better. Take our drive and determination into the world to solve the problems that plague us. Shortly after that, we realize that our children need food. It is hard enough to make a living in the regular job market. Being a “do-gooder” really doesn’t pay. Until now. In a country and a world that is increasingly in need of some “do-gooding,” there is space to do good things and make money. “Social Entrepreneurship” is the phrase we are working with today.
It is a new day. While many are concerned that these types of organizations being used by large corporations and not-so-social entrepreneurs to dig into funds set aside for social purposes. We will leave that alone for now. I know that you and your partners in your future venture will be working to help improve our education system. You will use that grant money to make the world a better place.
There are now new types of social business structures that go beyond the regular “nonprofit and others”‘:
– Flexible Purpose Corporation
– Low-Profit Limited Liability Corporation (L3C)
– Benefit Corporation
– Hybrids
Here is a link to a document that explains each, in detail. Please go over them and do your Entrepreneur Homework.
