The challenge of building enterprises that combine the best elements of for-profit and nonprofit organizational models lies at the very heart of social innovation today. The emergence over the past decade of novel forms of legal incorporation—the benefit corporation, the L3C organization, and so forth—testifies to the demand for creative adaptation in this area. But as legal scholars Dana Brakman Reiser and Steven A. Dean argue in “Creative Financing for Social Enterprise,” a feature...

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