Andrew Taylor

Understanding the Potential of L3Cs in the Arts and Culture

On November 16, Andrew Taylor, the Artful Manager, moderated a panel discussion at Columbia University in New York City on the Low-Profit Limited Liability Company (L3C), and its potential for the arts. The panelists included two of the leading national experts on the business entity (Marc J. Lane and Rick Zwetch), alongside two masters from the theater world (Gregory Moser, Victoria Bailey), and one change agent from the arts business infrastructure (Adam Huttler).

Andrew Taylor is a faculty member of American University’s Arts Management Program in Washington, DC. An author, lecturer, researcher, and consultant on a broad range of arts management issues, Andrew specializes in business model development for cultural initiatives and the impact of communications technology on the arts.

Some basic information on the L3C can be found on wikipedia by clicking here:

low-profit limited liability company (L3C) is a legal form of business entity in the United States that was created to bridge the gap between non-profit and for-profit investing by providing a structure that facilitates investments in socially beneficial, for-profit ventures while simplifying compliance with Internal Revenue Service rules for program-related investments, a type of investment that private foundations are allowed to make.

The video might require a little of your time, but is worth it if you have an interest in emerging models for production in the United States.

Expression and environment

By Andrew Taylor on the Artful Manager

When we talk about cultural disciplines — dance, theater, fiction, and so on — we tend to speak of them as if they are self-contained. Theater may respond to evolving stage technology and alternative spacers, but it’s still roughly theater in the way we know it. And because significant changes to the environment have tended to happen rather slowly, it’s been easy to maintain that illusion for quite some time.

This overview of the past and future of the novel, in Time magazine, reminds us that forms of artistic expression are entirely intertwined with their environment. They form and evolve in response to that environment. And they change when that environment changes. The birth of the novel in the 18th century was one such response to environmental change.

via Expression and environment – The Artful Manager .