Businesses Register for Maryland LLC “Benefit” Law

by Gary Haber, Baltimore Business Journal

A Baltimore branding and marketing firm Substance15 is one of at least two businesses that plan to file to become a benefit limited liability company on Wednesday, the first day a new law creating the designation goes into effect in Maryland. The designation was created by legislation signed on May 19 by Gov. Martin O’Malley.

The planned filing would make Substance 151 among the first, if not the first, company in the state – and in the country – to become a Benefit LLC.

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