605.0108 - Nature, Purpose, and Duration of Limited Liability Company.

FL Stat § 605.0108 (2019) (N/A)
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(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.