On May 3, 2013 the Florida legislature past the Florida Revised Limited Liability Company Act (SB 1300) and the bill was signed into law by Governor Rick Scott on June 14, 2013. Created under new Florida Statutes Chapter 605, the revised act becomes effective on January 1, 2014 for all limited liability companies created from that date on. All Florida limited liability companies already existing prior to January 1, 2014 may continue to operate pursuant to the previous LLC act under Chapter 608 until January 1, 2015. Thereafter, Chapter 608 is repealed and all LLCs in Florida will be subject to the revised LLC act.
I will attempt to highlight important aspects of this new Florida LLC law in the following posts.