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Code · Florida · Title XXXVI — Business Organizations · Chapter 605

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

40 words·~1 min read·/fl/title-xxxvi/chapter-605/605-0108·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.
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