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A social enterprises can be structured as a business, a partnership for profit or non-profit, and may take the form (depending on in which country the entity exists and the legal forms available) of a co-operative, mutual organisation, a disregarded entity (a form of business classification for income tax purposes in the United States), [5] a social business, a benefit corporation, a community ...
Groups focused on social entrepreneurship may be divided into several categories: community-based enterprises, socially responsible enterprises, social services industry professionals, and socio-economic enterprises. [13] Community-based enterprises are based on the social ventures aimed at and involving an entire community.
The social venture may generate profits, but that is not its focus. Rather profits are a possible means to achieve sustainability in providing a social benefit. The problems addressed by social ventures cover the range of social issues, including poverty, inequality, education, the environment, and economic development.
Social business was defined by Nobel Peace Prize laureate Professor Muhammad Yunus and is described in his books. [1] [2] In these books, Yunus defined a social business as a business: Created and designed to address a social problem; A non-loss, non-dividend company, i.e. It is financially self-sustainable and
Social entrepreneurship is the use of the by start up companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues. [107] This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. [108]
As stated, an L3C is a for-profit, social enterprise venture that has a primary goal of performing a socially beneficial purpose with a secondary goal of maximizing profits. [ 8 ] [ 9 ] [ 10 ] It is a hybrid structure that combines the legal and tax flexibility of a traditional LLC, the social benefits of a non-profit organization, and the ...
Inclusive entrepreneurship can be applied to self-employment, starting or growing micro or small enterprises and to social enterprise using business based approaches driven by social mission. Indeed, the personal qualities required for entrepreneurship are essential for success in the knowledge economy – whether this be in the private or ...
Social venture capital is a form of investment funding that is usually funded by a group of social venture capitalists [1] or an impact investor [2] to provide seed-funding investment, usually in a for-profit social enterprise, in return to achieve an outsized gain in financial return while delivering social impact to the world.