Florida Statutes Section 605.0108 - Nature, Purpose, And Duration Of Limited Liability Company. (Fla. Stat. § 605.0108)

605.0108 Nature, purpose, and duration of limited liability company.—

(1) A limited liability company is an entity distinct from its members.

(2) A limited liability company may have any lawful purpose, regardless of whether the company is a for-profit company.

(3) A limited liability company has an indefinite duration.

History.—s. 2, ch. 2013-180.

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Last modified: September 23, 2016