Allison L. Friedman, P.A.
Working Quickly and Aggressively
to Collect your Debts
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November 2013 Archives

Collection against LLCs just got easier . . .

Collection against a limited liability company (LLC) in Florida has just become a little easier thanks to the revised statutes governing LLCs. Starting January 1, 2014, distribution to LLC members cannot be made if the result would be to leave the LLC insolvent and therefore, unable to pay its creditors. This allows creditors to be paid before the members may receive any distribution from the company and hopes to prevent distributions being made followed by dissolution of the LLC.