Current with changes from the 2024 Legislative Session
Section 1-502 - Requirements(a)(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";(2) If a corporation is a benefit corporation, the name of the benefit corporation must include: (i) The words "benefit corporation";(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)(1) The name of a limited liability company must include:(i) The words "limited liability company";(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";(c) The name of a limited liability partnership must include: (1) The words "limited liability partnership";(d) The name of a limited partnership must include:(1) The words "limited partnership";(e) The name of a limited liability limited partnership must include:(1) The words "limited liability limited partnership";(f)(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.