Nature, purpose, and duration of limited liability company

  1. Law
  2. District of Columbia Code
  3. Business Organizations. [Enacted title]
  4. Limited Liability Companies
  5. General Provisions
  6. Nature, purpose, and duration of limited liability company

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(a) A limited liability company is an entity distinct from its member or members.

(b) A limited liability company may have any lawful purpose, regardless of whether for profit.

(c) A limited liability company shall have perpetual duration.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(h)(2)(C), 59 DCR 13171.)

Effect of Amendments

The 2013 amendment by D.C. Law 19-210 substituted “member or members” for “members” in (a).

Editor's Notes

Uniform Law: This section is based on § 104 of the Uniform Limited Company Act (2006 Act).

Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.


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