Florida § 621.08 - Limitation on corporation’s or limited liability company’s business transactions; investment of funds.
Full text of Florida Florida Statutes § 621.08 — Limitation on corporation’s or limited liability company’s business transactions; investment of funds., with citation guidance and answers to common questions.
§ 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: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 621.08
What does Florida Statutes § 621.08 cover?
Section 621.08 ("Limitation on corporation’s or limited liability company’s business transactions; investment of funds.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 621.08?
A common citation format is "Florida Statutes § 621.08" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 621.08 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.