Memorandum: Framework for Creation of the Federal Social Impact LLC (FSI-LLC)

To: Legislative Counsel / Policy Development TeamsFrom: Lynn ScheidRe: Legal Structure and Regulatory Framework for a Federal Social Impact Limited Liability CompanyDate: April 12, 2025 Executive Summary This memorandum outlines the proposed statutory and regulatory structure for a new federal business entity: the Federal Social Impact Limited Liability Company (FSI-LLC). The FSI-LLC is a mission-aligned,…

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Purpose, Meet Profit: Reinventing Business at the Federal Level

Forty years ago, I opened my first business. Since then, I’ve launched and operated more than a hundred others—from a dance studio and a café to property management, production services, office cleaning, and media ventures. Each one was built to be profitable. But they also shared a deeper belief: that business can—and should—do good. Back…

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Let’s take a look at the first corporation in America and how the structure of corporations has evolved since then.

Have you ever been curious about the first company established in the United States? The tale of the first corporation in the United States! It’s a story imbued with the ink of enterprise and the spirit of a new nation—think of it as the original startup, if you will. It goes by the name of…

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