LLC’s. End of the tunnel or oncoming train…
So you thought you handled the issue of organizational risk when you used a Limited Liability Company to start your business… well, maybe not so much.
Florida has more than a half dozen general exceptions to the limitation of liability through the use of the limited liability companies. These are in addition to the ever increasing body of law that provides exceptions to the limitation of liability based upon violations of fiduciary duty by officers, directors and managers in the same or in some cases related companies.
Don’t exclude a review or your company’s organizational structure when you do your risk analysis.
