Fla. Stat. 621.08
Limitation on corporation’s or limited liability company’s business transactions; investment of funds

No corporation or limited liability company organized under this act shall engage in any business other than the rendering of the professional services for which it was specifically organized; provided, however, nothing in this act or in any other provisions of existing law applicable to corporations or limited liability companies shall be interpreted to prohibit such corporation or limited liability company from investing its funds in real estate, mortgages, stocks, bonds, or any other type of investments, or from owning real or personal property necessary for the rendering of professional services.

Source: Section 621.08 — Limitation on corporation’s or limited liability company’s business transactions; investment of funds, https://www.flsenate.gov/Laws/Statutes/2024/0621.08 (accessed Aug. 7, 2025).

621.01
Legislative intent 621.02
Short title 621.03
Definitions 621.04
Exemptions 621.05
Corporation organization 621.06
Rendition of professional services, limitations 621.07
Liability of officers, agents, employees, shareholders, members, and corporation or limited liability company 621.08
Limitation on corporation’s or limited liability company’s business transactions 621.09
Limitation on issuance and transfer of ownership 621.10
Disqualification of member, shareholder, officer, agent, or employee 621.11
Alienation of shares and ownership interests 621.12
Identification with individual shareholders or individual members 621.13
Applicability of chapters 605 and 607 621.14
Construction of law 621.051
Limited liability company organization

Current through Fall 2025

§ 621.08. Limitation on corporation’s or limited liability company’s business transactions; investment of funds's source at flsenate.gov

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Location: https://florida.public.law/statutes/fla._stat._621.08

Original Source: Section 621.08 — Limitation on corporation’s or limited liability company’s business transactions; investment of funds, https://www.flsenate.gov/Laws/Statutes/2024/0621.08 (last accessed Aug. 7, 2025).

Fla. Stat. 621.08 Limitation on corporation’s or limited liability company’s business transactions; investment of funds

Fla. Stat. 621.08
Limitation on corporation’s or limited liability company’s business transactions; investment of funds