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2021 Florida Statutes (Including 2021B Session)
SECTION 0108
Nature, purpose, and duration of limited liability company.
Nature, purpose, and duration of limited liability company.
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.