Utah Code Title 48. Partnership--Unincorporated Business Entities § 48-3a-1302. Requirements

(a) contain in its name the abbreviation “L3C” or “l3c”;

(b) state in its certificate of organization that it is a low-profit limited liability company;

(c) organize under this chapter; and

(d) be organized for a business purpose that satisfies, and at all times operates to satisfy each of the requirements under Subsection (2).

(a) shall significantly further the accomplishment of one or more charitable or educational purposes within the meaning of Section 170(c)(2)(B), Internal Revenue Code;

(b) shall demonstrate that it would not be formed but for the limited liability company's relationship to the accomplishment of a charitable or educational purpose;

(c) subject to Subsection (3), may not have as a significant purpose the production of income or the appreciation of property; and

(d) may not have as a purpose to accomplish one or more political or legislative purposes within the meaning of Section 170(c)(2)(D), Internal Revenue Code.