I caught this post on Startup Missouri and it spoke to me. :)
Startup veterans who've learned social enterprise pass on advice
It can be equally difficult just to define the term. Some social enterprises are set up as 501(c)(3)s. Others are for-profit. A few, like Miller’s outfit, choose to designate themselves as an “L3c” a for-profit designation so unusual it doesn’t yet exist in Missouri — which is why The St. Louis-based Mission Center is incorporated in Michigan. Still others use hybrid structures.
Some reject the terminology all together.
“First of all, I don’t like the phrase ‘social enterprise,’ and I’ve done everything I can to remove that from our website,” said Shawn Askinosie. “I think it should be removed from business schools. I think people should not call it that.”
Askinosie, the founder of Askinosie Chocolate in Springfield, believes that social entrepreneurship shouldn’t be separated from any other kind of entrepreneurship: Everyone ought to adopt good, sustainable, ethical business practices rooted in kindness and compassion, he maintains.
I need to look into this L3C thing.