Clark Hill Attorney Joseph S. Kopietz Presents “Low-Profit Limited Liability Companies – Expanding Access to Capital for Socially Beneficial Enterprises”
– Clark Hill attorney Joseph S. Kopietz presented “Low-Profit Limited Liability Companies – Expanding Access to Capital for Socially Beneficial Enterprises” to the Greater Detroit Network for Social Innovators.
Joseph addressed how the Low-Profit Limited Liability Company, also referred to as an L3C, can be used as a tool to expand capital available to socially beneficial ventures by partnering for-profit and non-profit funding sources.
Joseph S. Kopietz
is a Senior Attorney with the Real Estate Group of Clark Hill’s Detroit office. He focuses his practice in the area of economic development representing lenders, investors, nonprofit and for profit developers, municipalities, syndicators, underwriters and governmental authorities. Joseph has extensive experience with a variety of tax credits and incentives including Low Income Housing, Renewable Energy, Historic and New Markets Tax Credits as well as state tax credits, tax abatements and “Green” incentives. He has successfully closed transactions involving more than $100 million in tax credit related investments since 2007. As a LEED Accredited Professional (AP), Joseph is one of the small number of attorneys nationwide to obtain a certification which distinguishes professionals who have demonstrated a thorough understanding of green building practices and principles and the LEED (Leadership in Energy and Environmental Design) Green Building Rating System™. He is also experienced in choice of entity planning, formation and maintenance, and incorporation and qualification of tax exempt organizations and regularly advises clients on Federal, state and local tax issues.
Prior to joining Clark Hill, Joseph was the Chief Operating Officer of a nonprofit agency which provided affordable housing and health services in Southeast Michigan.
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