The 2023 Florida Statutes (including Special Session C)

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 621
PROFESSIONAL SERVICE CORPORATIONS AND LIMITED LIABILITY COMPANIES

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F.S. 621.08

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.

History.—s. 8, ch. 61-64; s. 9, ch. 93-110; s. 82, ch. 93-284.

F.S. 621.08 on Google Scholar

F.S. 621.08 on Casetext

Amendments to 621.08

Arrestable Offenses / Crimes under Fla. Stat. 621.08

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 621.08.

Annotations, Discussions, Cases:

Cases from cite.case.law:

SYRIAN ARABIAN OIL COMPANY, d b a v. SYRIAN ARAB REPUBLIC,, 791 F.2d 602 (7th Cir. 1986)

. . . The appellant, Syrian Arabian Oil Company, filed this action to recover $20,645,-621.08 as damages for . . .

A. KURZNER C. A. v. UNITED STATES, 413 F.2d 97 (5th Cir. 1969)

. . . The power to hold title to the property of the enterprise is granted by section 621.08 which states in . . . Fla.Stat. § 621.08 (1961). . Fla.Stat. § 621.13 (1961). . Fla.Stat. § 608.09 (1955). . . . .

WALLING v. LANDAU, 61 F. Supp. 915 (S.D.N.Y. 1945)

. . . acknowledged these violations, and agreed to pay restitution to 105 .of their employees, in the sum of $2,-621.08 . . .

MARY ORBACH, 1 B.T.A. 1256 (B.T.A. 1925)

. . . an appeal from the determination of a deficiency in income tax for the year 1920 in the amount of $621.08 . . .