General Assembly Proposed Bill No. 528
January Session, 2013 LCO No. 2180
Referred to Committee on COMMERCE
Introduced by:
SEN. LEONE, 27th Dist.
General Assembly
Proposed Bill No. 528
January Session, 2013
LCO No. 2180
Referred to Committee on COMMERCE
Introduced by:
SEN. LEONE, 27th Dist.
AN ACT AUTHORIZING ESTABLISHMENT OF LOW-PROFIT LIMITED LIABILITY COMPANIES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 34 of the general statutes be amended to authorize establishment of low-profit limited liability companies as taxable for-profit businesses with the stated goal of performing a socially beneficial purpose, as opposed to maximizing income.
Statement of Purpose:
To provide for the establishment of low-profit limited liability companies (L3Cs) in the state.