“Florida’s New Rules for LLCs: Filing Statements of Authority Explained”

– The Revised Limited Liability Company Act in Florida, which takes effect in 2014 and 2015, brings some significant changes to how LLCs operate.

– LLCs can now file a statement of authority with the Florida Secretary of State to inform the public about who has the authority to bind the company in contractual relationships.

– The statement of authority can also specify limitations on a member’s authority, such as in executing real property transactions and entering into other transactions on behalf of the company. – A statement of authority remains effective for only five years unless cancelled, after which it is automatically cancelled by operation of law (Fla. Stat. § 605.0302(10)).
– A statement of dissociation or resignation terminates the authority of the person who filed the statement of authority (Fla. Stat. § 605.0302(11)).
– An LLC has the option to file an amended statement of authority if needed (Fla. Stat. § 605.0302(2)).
– A filed statement of authority can be cancelled by the filing of articles of dissolution or termination (Fla. Stat. § 605.0302(8)).
– Once an LLC’s articles of dissolution become effective, the LLC may file and record a post-dissolution statement of authority for the purposes of winding down (Fla. Stat. § 605.0302(9)).

https://www.jimersonfirm.com/blog/2013/11/floridas-revised-limited-liability-company-act-part-ii-filing-statements-of-authority/