Good For Business: Florida's LLC Rewrite

Law360, New York (May 23, 2013, 8:28 AM EDT) -- During the recently completed legislative session, the Florida Legislature unanimously adopted CS/SB 1300, which is a complete rewrite of Florida's limited liability company statute. The new limited liability company act, which will be codified in Chapter 605 of the Florida Statutes, was proposed to the Florida legislature by a task force consisting of members of the Florida Bar Business Law Section, Tax Section and Real Property, Probate and Trust Law Section. The new act will replace Florida's current limited liability company act, which is contained in...
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