SmallBusinessExecutive (SmallBizChicago.com) is a collaborative website full of feature stories, expert columns, events, startup information and discussion on technology, finance, marketing, innovation, human resources, the environment, management, health care, and the economy. It was designed to inform, inspire and connect businesses in Chicago and beyond.
L3C Chicago, L3C owns and operates SmallBizChicago.com. Journalist Ann Meyer launched the site in July 2010 and is the sole owner of L3C Chicago, which provides editorial services, including content strategy, consulting, editorial management, reporting, writing, editing and research to media outlets and other organizations.
An L3C is a low-profit limited liability company. A form of LLC, the L3C structure can be used by for-profit ventures with a primary goal of achieving a social purpose. While many L3Cs have purposes similar to nonprofits, L3C can distribute their profits to shareholders, a major distinction. By law, L3Cs are called “low-profit” companies, because profit is a secondary goal. At the same time, the amount of profits L3Cs can earn is not restricted. L3Cs pay taxes on income as all LLCs do, and contributions to L3Cs are not tax-deductible.
The mission of SmallBizChicago.com is to inform, inspire and connect businesses, particularly small businesses and others underserved by mainstream media.
By providing accurate, engaging and practical news on topics of interest to the public, and in particular to small business owners, entrepreneurs and nonprofit leaders, SmallBusinessExecutive aims to fill a gap in the market. The site has provided exclusive articles, plus aggregated news, expert columns and events announcements.
One of the major differences between SmallBusinessExecutive and the myriad blogs providing more opinion than fact is a commitment to the highest journalism standards. To this end, L3C Chicago has established the following core values: