"Key Points of the New Florida LLC Act"

The 2013 Florida Legislature adopted a new LLC act which was signed by the Governor on June 14, 2013.  The new law creates Chapter 605 of the Florida Statutes, which will be effective January 1, 2014.  Generally speaking, until January 1, 2015, LLCs formed in Florida before January 1, 2014 will continue to be subject to current law (Chapter 608), unless they elect to be governed by the new law earlier than 2015.  In addition, all records filed on or after January 1, 2014 with the Department of State by a Florida or foreign LLC must comply with the filing requirements of the new law.  On January 1, 2015, all LLCs must adhere to the new law.

Latest Thinking