Marc J. Lane

Marc J. Lane (born 30 August 1946) is a business, trust, estate, and tax attorney, Master Registered Financial Planner, Registered Financial Counselor, and Certified Investment Specialist. Lane served as Chairman of the State of Illinois' Task Force on Social Innovation, Entrepreneurship, and Enterprise, as appointed by Governor Pat Quinn. He designed and teaches the Social Enterprise course as an adjunct Professor of Law at his alma mater, Northwestern University School of Law, and has also served as an adjunct Professor of Business in the MBA program at the University of Illinois-Chicago College of Business Administration's Institute for Entrepreneurial Studies. Lane is the author of thirty-five books on corporate organization, management, taxation, investment, personal finance and social enterprise. Out of his proprietary research, he developed a new socially responsible investing approach, Advocacy Investing, which allows investors to positively express their values on corporate behavior issues such as social justice and the environment through stock selection—without sacrificing portfolio diversification or long-term performance. Lane drafted the Illinois legislation to create an entity called the Low-Profit Limited Liability Company (L3C), a new hybrid structure intended for use by for-profit ventures that have a primary goal of achieving a socially beneficial purpose. The law was signed by Gov. Pat Quinn on 4 August 2009, and took effect on 1 January 2010. Marc Lane's 34th book, Social Enterprise: Empowering Mission-Driven Entrepreneurs, was published in 2011 and his 35th book, "The Mission-Driven Venture: Business Solutions to the World's Most Vexing Social Problems," was published in 2015.

Personal facts

Marc J. Lane
Birth dateAugust 30, 1946
Education
University of Illinois at Urbana–Champaign
Northwestern University School of Law
Known for
Low-profit limited liability company
Corporate governance
Entrepreneurship

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