(1) The name of a benefit company may contain the words “benefit limited liability company,” “benefit limited company,” or “benefit company” or the abbreviation “B.L.L.C.,” “BLLC,” “B.L.C.,” or “BLC.” “Limited” may be abbreviated as “Ltd.,” and “company” may be abbreviated as “Co.”

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Terms Used In Utah Code 48-4-105

  • Benefit company: means a limited liability company:
         (1)(a) that elects to become subject to this chapter; and
         (1)(b) the status of which as a benefit company has not been terminated. See Utah Code 48-4-103
(2) A benefit company that complies with Subsection (1) satisfies the requirement described in Subsection 48-3a-108(1).