Bill Text: CT SB00528 | 2013 | General Assembly | Introduced
Bill Title: An Act Authorizing Establishment Of Low-profit Limited Liability Companies.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2013-01-24 - Referred to Joint Committee on Commerce [SB00528 Detail]
Download: Connecticut-2013-SB00528-Introduced.html
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.