Section 605.0304 - Liability of members and managers(1) A debt, obligation, or other liability of a limited liability company is solely the debt, obligation, or other liability of the company. A member or manager is not personally liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the company solely by reason of being or acting as a member or manager. This subsection applies regardless of the dissolution of the company.(2) The failure of a limited liability company to observe formalities relating to the exercise of its powers or management of its activities and affairs is not a ground for imposing liability on a member or manager of the company for a debt, obligation, or other liability of the company.(3) The limitation of liability in this section is in addition to the limitations of liability provided for in s. 605.04093.Added by 2013 Fla. Laws, ch. 180, s 2, eff. 1/1/2014.