Nature, Purpose, and Duration of Limited Liability Company.

  1. Law
  2. Florida Statutes
  3. Business Organizations
  4. Florida Revised Limited Liability Company Act
  5. Nature, Purpose, and Duration of Limited Liability Company.

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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.


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