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New Florida LLC Structure Creates Additional Planning Options for Orlando Business Owners
The structure gives owners more flexibility for asset protection, succession and tax planning, attorneys said.
- Florida's Protected Series Limited Liability Company law took effect July 1, 2026, allowing qualifying LLCs to create individual protected series with separate assets and liability protections within a single structure.
- The September/October 2026 edition of The Florida Bar Journal provides implementation guidance, prompting attorneys and entrepreneurs to evaluate how the new framework applies to their Florida operations and future planning.
- "Entity selection has long-term consequences," founding partner Samuel B. Weissman said, advising that an LLC structure should support current operations while anticipating where owners intend to take the business in the future.
- Partner Jonathan J. A. Paul emphasized the structure does not automatically suit every company, noting owners should prioritize specific objectives rather than simply choosing the newest option available.
- Attorneys caution that owners of existing Florida LLCs should review organizational documents to ensure alignment with new statutory requirements for separate recordkeeping and asset documentation for each protected series.
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