Fla. Stat. § 605.0304 : Business Organizations — Florida Revised Limited Liability Company Act — Liability of members and managers Date: 18 Apr 2016 TEXT PDF Current through Chapter 269 of the 2016 Legislative Session (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. Fla. Stat. § 605.0304 Added by 2013 Fla. Laws, ch. 180,s 2, eff. 1/1/2014.