Section 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.Added by 2013 Fla. Laws, ch. 180, s 2, eff. 1/1/2014.