# Fla. Stat. § 605.0109: 605.0109 Powers > Florida · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0109 ## Section - **Citation:** Fla. Stat. § 605.0109 - **Heading:** 605.0109 Powers - **Jurisdiction:** Florida - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Florida Code / Title XXXVI / Chapter 605 / Section 605.0109 ## Text A limited liability company has the powers, rights, and privileges granted by this chapter, by any other law, or by its operating agreement to do all things necessary or convenient to carry out its activities and affairs, including the power to do all of the following: (1) Sue, be sued, and defend in its name. (2) Purchase, receive, lease, or otherwise acquire, own, hold, improve, use, and otherwise deal with real or personal property or any legal or equitable interest in property, wherever located. (3) Sell, convey, mortgage, grant a security interest in, lease, exchange, and otherwise encumber or dispose of all or a part of its property. (4) Purchase, receive, subscribe for, or otherwise acquire, own, hold, vote, use, sell, mortgage, lend, grant a security interest in, or otherwise dispose of and deal in and with, shares or other interests in or obligations of another entity. (5) Make contracts or guarantees or incur liabilities; borrow money; issue notes, bonds, or other obligations, which may be convertible into or include the option to purchase other securities of the limited liability company; or make contracts of guaranty and suretyship which are necessary or convenient to the conduct, promotion, or attainment of the purposes, activities, and affairs of the limited liability company. (6) Lend money, invest or reinvest its funds, and receive and hold real or personal property as security for repayment. (7) Conduct its business, locate offices, and exercise the powers granted by this chapter within or without this state. (8) Select managers and appoint officers, directors, employees, and agents of the limited liability company, define their duties, fix their compensation, and lend them money and credit. (9) Make donations for the public welfare or for charitable, scientific, or educational purposes. (10) Pay pensions and establish pension plans, pension trusts, profit-sharing plans, bonus plans, option plans, and benefit or incentive plans for any or all of its current or former managers, members, officers, agents, and employees. (11) Be a promoter, incorporator, shareholder, partner, member, associate, or manager of a corporation, partnership, joint venture, trust, or other entity. (12) Make payments or donations or conduct any other act not inconsistent with applicable law which furthers the business of the limited liability company. (13) Enter into interest rate, basis, currency, hedge or other swap agreements, or cap, floor, put, call, option, exchange or collar agreements, derivative agreements, or similar agreements. (14) Grant, hold, or exercise a power of attorney, including an irrevocable power of attorney. History: s. 2, ch. 2013-180; s. 132, ch. 2014-17. ## Nearby sections - [Fla. Stat. § 605.0101 605.0101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0101.md) - [Fla. Stat. § 605.0102 605.0102 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0102.md) - [Fla. Stat. § 605.0103 605.0103 Knowledge; notice.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0103.md) - [Fla. Stat. § 605.0104 605.0104 Governing law.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0104.md) - [Fla. Stat. § 605.0105 605.0105 Operating agreement; scope, function, and limitations.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0105.md) - [Fla. Stat. § 605.0106 605.0106 Operating agreement; effect on limited liability company and person becoming member; preformation agreement; other matters involving operating agreement.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0106.md) - [Fla. Stat. § 605.0107 605.0107 Operating agreement; effect on third parties and relationship to records effective on behalf of limited liability company.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0107.md) - [Fla. Stat. § 605.0108 605.0108 Nature, purpose, and duration of limited liability company.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0108.md) - [Fla. Stat. § 605.0109 605.0109 Powers.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0109.md) - [Fla. Stat. § 605.0110 605.0110 Limited liability company property.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0110.md) - [Fla. Stat. § 605.0111 605.0111 Rules of construction and supplemental principles of law.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0111.md) - [Fla. Stat. § 605.0112 605.0112 Name.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0112.md) - [Fla. Stat. § 605.0113 605.0113 Registered agent.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0113.md) - [Fla. Stat. § 605.0114 605.0114 Change of registered agent or registered office.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0114.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVI_C605_S605.0109. Check the current official text before relying on it. Not legal advice.