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Limited Liability Company Update
Are Limited Liability Companies more vulnerable after Olmstead? The Florida Supreme Court recently handed down its opinion in the Olmstead et a. v. FTC,. 35 Fla. L. Weekly S357 (Fla. 2010) (“Olmstead”). The question considered in Olmstead was whether a single member limited liability company (“LLC”) is subject to judicial foreclosure (sale) or attachment in Florida.
