§ 1-502. Requirements  


Latest version.



  •    (a) Corporation names. --

       (1) The name of a corporation must include one of the following words or an abbreviation of one of the following words:

          (i) "Company", if it is not preceded by the word "and" or a symbol for the word "and";

          (ii) "Corporation";

          (iii) "Incorporated"; or

          (iv) "Limited".

       (2) If a corporation is a benefit corporation, the name of the benefit corporation must include:

          (i) The words "benefit corporation";

          (ii) "Benefit Corp.";

          (iii) The words "benefit company", if not preceded by the word "and" or a symbol for the word "and"; or

          (iv) "Benefit Co.", if not preceded by the word "and" or a symbol for the word "and".

    (b) Limited liability companies. --

       (1) The name of a limited liability company must include:

          (i) The words "limited liability company";

          (ii) "L.L.C.";

          (iii) "LLC";

          (iv) "L.C."; or

          (v) "LC".

       (2) If a limited liability company is a benefit limited liability company, the name of the benefit limited liability company must include:

          (i) The words "benefit limited liability company";

          (ii) "Benefit L.L.C.";

          (iii) "Benefit LLC";

          (iv) "Benefit L.C."; or

          (v) "Benefit LC".

    (c) Limited liability partnerships. -- The name of a limited liability partnership must include:

       (1) The words "limited liability partnership";

       (2) "L.L.P."; or

       (3) "LLP".

    (d) Limited partnerships. -- The name of a limited partnership must include:

       (1) The words "limited partnership";

       (2) "L.P."; or

       (3) "LP".

    (e) Limited liability limited partnership. -- The name of a limited liability limited partnership must include:

       (1) The words "limited liability limited partnership";

       (2) "L.L.L.P."; or

       (3) "LLLP".

    (f) Professional corporations. --

       (1) The corporate name of a professional corporation must include:

          (i) The word "chartered";

          (ii) The abbreviation "chtd.";

          (iii) The words "professional association";

          (iv) The abbreviation "P.A.";

          (v) The words "professional corporation"; or

          (vi) The abbreviation "P.C.".

       (2) A professional corporation need not use any word specified under paragraph (1) of this subsection if:

          (i) The corporation has registered the name to be used in the manner provided in § 1-406 of this title; and

          (ii) The name is the same as its corporate name except for the allowable omissions.


HISTORY: 1998, ch. 222; 1999, ch. 34, § 1; 2007, ch. 5, § 7; 2011, ch. 500, § 2; ch. 501, § 2.