The new year brings significant changes to state law governing Florida limited liability companies pursuant to the Florida Revised Limited Liability Company Act.

Beginning on Jan. 1, the revised act—which has governed Florida LLCs formed after Jan. 1, 2014—governs all Florida LLCs. The revised act completely rewrites prior state law governing Florida LLCs, as it aligns Florida law with a national model—the Revised Uniform Limited Liability Company Act—and strives to increase Florida’s competitiveness as a commercial state.

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